Morgan Stanley Lowered Diamondback Energy, Inc. (FANG) Target to $171 And Maintained Overweight Rating

We recently compiled a list of the 20 Most Profitable Stocks of the Last 20 Years. Diamondback Energy, Inc. is another of the most profitable stocks on our list. TheFly reported on January 23 that Morgan Stanley reduced its price target for FANG to $171 from $183 and maintained an Overweight rating. The revision reflects updated oil price assumptions for 2026–27. The firm is expecting solid fourth-quarter operations but weaker cash flow due to lower realized commodity prices. Morgan Stanley Lowered Diamo ...