Uber shares are trading higher after Wells Fargo initiated coverage on the stock with an Overweight rating and announced a $50 price target.
Portfolio Pulse from Benzinga Newsdesk
Uber shares are trading higher after Wells Fargo initiated coverage on the stock with an Overweight rating and a $50 price target.
June 08, 2023 | 3:14 pm
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Uber's stock price is trading higher following Wells Fargo's initiation of coverage with an Overweight rating and a $50 price target.
Wells Fargo, a major financial institution, has initiated coverage on Uber with a positive Overweight rating and a $50 price target. This endorsement is likely to boost investor confidence in the stock, leading to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100