Wolfe Research Downgrades Western Midstream to Underperform, Announces $25 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research has downgraded Western Midstream (NYSE:WES) from Peer Perform to Underperform and set a price target of $25.
July 12, 2023 | 9:31 am
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NEGATIVE IMPACT
Western Midstream has been downgraded by Wolfe Research from Peer Perform to Underperform with a price target of $25.
The downgrade from Wolfe Research is a negative signal for Western Midstream. The new rating of 'Underperform' suggests that the analyst believes the company will underperform its peers in the near future. The price target of $25 also provides a benchmark that the market may adjust towards. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100