Wells Fargo Maintains Equal-Weight on New Jersey Resources, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has maintained an Equal-Weight rating on New Jersey Resources (NYSE:NJR) and lowered the price target from $52 to $47.
August 04, 2023 | 3:38 pm
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Wells Fargo has maintained an Equal-Weight rating on NJR and lowered the price target from $52 to $47.
The lowering of the price target by Wells Fargo could potentially lead to a negative sentiment among investors, which may put downward pressure on NJR's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100