The initiation of coverage by a major bank like Wells Fargo generally brings a stock into focus for many investors. The Overweight Rating indicates that Wells Fargo believes the stock will outperform the market, which is a positive signal. The set price target of $9 also gives investors a potential upside to aim for. This news is highly relevant and important for Inotiv's stock and is likely to have a positive impact on its short-term price.