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Fly News Breaks for October 1, 2019
FANG
Oct 1, 2019 | 07:20 EDT
Susquehanna analyst Biju Perincheril lowered his price target on Diamondback Energy to $125 from $130 after lowering his estimates heading into quarterly results. The analyst tempered his expectations but still sees Diamondback as one of the top names in his coverage group and sees next year as a significant turning point in its shift to healthy free cash flow generation. Perincheril reiterated his Positive rating on Diamondback Energy shares.
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