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KLR Group Raises Price Target on Diamondback Energy (FANG) Following Announced Acquisition in Delaware

July 18, 2016 8:37 AM EDT

KLR Group reiterated a Buy rating on Diamondback Energy (NASDAQ: FANG), and raised the price target to $122.00 (from $103.00), following the company's announced purchase of ~19.2k net acres in the Southern Delaware Basin for ~$560 million.

Analyst Gail Nicholson commented, "We are raising... More