Wells Fargo Maintains Underweight on Paramount Group, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Blaine Heck maintains an Underweight rating on Paramount Group (NYSE:PGRE) and lowers the price target from $4 to $3.
June 13, 2023 | 1:10 pm
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Wells Fargo analyst Blaine Heck maintains an Underweight rating on Paramount Group and lowers the price target from $4 to $3.
The lowered price target from $4 to $3 by Wells Fargo analyst Blaine Heck indicates a bearish outlook on Paramount Group's stock. The Underweight rating suggests that the stock is expected to underperform compared to other stocks in the market. This news is likely to have a negative impact on PGRE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100