Morgan Stanley Downgrades Diamondback Energy (FANG) to Equalweight

Morgan Stanley analyst Devin McDermott downgraded Diamondback Energy (NASDAQ: FANG) from Overweight to Equalweight with a price target of $216.00.

The analyst comments "Downgrading FANG from Overweight to Equal-weight. FANG trades at an in-line valuation with key peers despite offering less FCF growth. Spending is likely step higher in 2027 as activity shifts more toward the emerging Barnett play and DUC-related efficiencies roll off. Conversely, several largecap peers offer strong FCF growth (ex commodity price changes) from longer-cycle project startups (COP), deal-driven synergies (DVN), or cost reduction initiatives (OXY). FANG remains a premier US shale operator, but we see a more balanced risk-reward from here."

For an analyst ratings summary and ratings history on Diamondback Energy click here. For more ratings news on Diamondback Energy click here.

Shares of Diamondback Energy closed at $210.02 yesterday.

You May Also Be Interested In

• Bernstein SocGen Group Upgrades Analog Devices (ADI) to Outperform
• Benchmark Starts Valvoline (VVV) at Buy
• Morgan Stanley Upgrades Merck (MRK) to Overweight