Wells Fargo Initiates Coverage On Booking Holdings with Underweight Rating, Announces Price Target of $2257
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Brian Fitzgerald initiates coverage on Booking Holdings (NASDAQ:BKNG) with an Underweight rating and a price target of $2257.
June 08, 2023 | 8:30 am
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Wells Fargo initiates coverage on Booking Holdings with an Underweight rating and a price target of $2257.
The initiation of coverage by Wells Fargo with an Underweight rating suggests that the analyst believes the stock is overvalued and may underperform in the short term. The price target of $2257 also indicates that the analyst sees limited upside potential for the stock. This news is likely to have a negative impact on BKNG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100