Wells Fargo Maintains Overweight on Adient, Lowers Price Target to $45
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Colin Langan has maintained an Overweight rating on Adient (NYSE:ADNT) but lowered the price target from $48 to $45.

July 10, 2023 | 3:01 pm
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Adient's price target has been lowered from $48 to $45 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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RELEVANCE 100