Wells Fargo Maintains Equal-Weight on JOANN, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst David Lantz maintains an Equal-Weight rating on JOANN (NASDAQ:JOAN) and lowers the price target from $2 to $1.5.
June 06, 2023 | 11:39 am
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Wells Fargo analyst David Lantz maintains an Equal-Weight rating on JOANN and lowers the price target from $2 to $1.5.
The lowered price target from Wells Fargo indicates a bearish outlook on JOANN's stock in the short term. As a result, the stock price is likely to go down due to the negative sentiment from the analyst's rating and price target adjustment.
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