Citigroup Maintains Buy on Wells Fargo, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz maintains a Buy rating on Wells Fargo and raises the price target from $50 to $52.
July 17, 2023 | 10:10 am
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POSITIVE IMPACT
Citigroup's analyst Keith Horowitz maintains a Buy rating on Wells Fargo, which could reflect positively on Citigroup's analytical capabilities and reputation.
Citigroup's analyst's positive rating on Wells Fargo could reflect positively on Citigroup's analytical capabilities and reputation. This could potentially increase investor confidence in Citigroup, leading to a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Citigroup maintains a Buy rating on Wells Fargo and raises the price target to $52, which could potentially increase investor confidence and drive the stock price up.
The raised price target by Citigroup indicates a positive outlook for Wells Fargo. This could potentially increase investor confidence in the stock, leading to increased demand and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100