Diamondback Energy Inc (FANG)

[Wildbilly]

Analysts optimistic about Diamondback's upcoming Viper IPO

Jun 6 2014, 10:46 ET | About: Diamondback Energy (FANG)

Diamondback Energy's (FANG +1.3%) price target is raised to $90 at

Mizuho and $86 at Topeka Capital, as both firms believe the success

of the recent PrairieSky Royalty Trust IPO implies a considerably

higher valuation for the upcoming IPO of FANG's Viper Energy

Partners than had been expected. Mizuho sees the Viper IPO as an

immediate catalyst, and expects the deal will price in the coming

weeks.