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Diamondback Energy (FANG) Stock Price Target Upped at BMO Capital

NEW YORK (TheStreet) -- Diamondback Energy (FANG - Get Report) stock price target was increased to $90 from $80 at BMO Capital Markets. The firm has an "outperform" rating on the stock.

The new price target comes after the Midland, TX-based oil and gas company reported mixed 2016 first quarter results after yesterday's closing bell.

The company posted adjusted earnings of 2 cents per share, topping analysts' expectations for a loss of 5 cents per share. Revenue was $87 million, missing projections of $91.5 million.

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