Wells Fargo Downgrades Clarivate to Equal-Weight, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Seth Weber has downgraded Clarivate (NYSE:CLVT) from Overweight to Equal-Weight and lowered the price target from $15 to $8.
August 04, 2023 | 3:09 pm
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Clarivate's rating has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from $15 to $8.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Clarivate. The lowered price target from $15 to $8 also suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100