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Fly News Breaks for January 22, 2020
VNOM
Jan 22, 2020 | 06:00 EDT
KeyBanc analyst Leo Mariani initiated coverage of Viper Energy (VNOM) with an Overweight rating and $28 price target. The analyst cites the company's "almost exclusive" focus on the Permian Basin, its symbiotic relationship with Diamondback Energy (FANG), "strong visibility" on organic production growth and his expectation for "sizable: dividend increases in 2020 for his Overweight rating.