Goldman Sachs Downgrades Diamondback Energy (FANG) to Buy

Goldman Sachs downgraded Diamondback Energy (NASDAQ: FANG) from Conviction Buy to Buy with a price target of $118.00.

Analyst John Nelson says the company's differentiated growth profile remains intact and expects the equity to outperform on differentiated volume growth within cash flows. The analyst sees value in the company as the macro oil environment and a greater willingness to look beyond 2018 could drive absolute NT upside.

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 $106.53 yesterday.

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