Wells Fargo Maintains Overweight on Cadence Design Sys, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley maintains an Overweight rating on Cadence Design Sys (NASDAQ:CDNS) and raises the price target from $235 to $250.
June 05, 2023 | 11:59 am
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Wells Fargo maintains an Overweight rating on Cadence Design Sys (CDNS) and raises the price target from $235 to $250.
The news of Wells Fargo maintaining an Overweight rating on Cadence Design Sys and raising the price target from $235 to $250 indicates a positive outlook for the company. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100