Roth MKM analyst Leo Mariani keeps a Buy rating and $34 price target on Viper Energy (VNOM) but notes that the stock may have a "slight negative reaction" relative to its peers tomorrow after the announcement that Blackstone (BX) sold $54.4M of its common stock at an average unit price of $30.03. Longer term, the firm remains positive on the stock as a "pure-play Permian minerals name" with the highest organic growth rate vs. peers.
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Published first on TheFly
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