Why Diamondback Energy Stock Dipped on Wednesday

The company wasn't quite a gusher, as investors reevaluated its prospects after an analyst's move.Following along with an analyst's price target reduction, investors became slightly less bullish on Diamondback Energy's (FANG -5.05%) future on Hump Day. They traded out of the stock to leave it with a more than 5% loss that session. Other stocks did better, as the S&P 500 index closed with a 0.5% increase.A $4 haircutThat morning, prognosticator Tim Rezvan, with KeyCorp's KeyBanc Capital Markets, made the mov ...