Wells Fargo Maintains Equal-Weight on Sonoco Prods, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde has maintained an Equal-Weight rating on Sonoco Prods (NYSE:SON) and lowered the price target from $61 to $55.
August 04, 2023 | 10:58 am
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NEGATIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Sonoco Prods and lowered the price target from $61 to $55.
The lowering of the price target by Wells Fargo could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100