Wells Fargo Maintains Equal-Weight Rating for New Mountain Finance: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Equal-Weight rating for New Mountain Finance (NASDAQ:NMFC) and raised its price target from $11.50 to $12.00. The shares of NMFC are currently trading at $13.16, up 3.09% over the last 24 hours. A move to $12.00 would account for an 8.85% decline from the current share price.
August 04, 2023 | 5:00 pm
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Wells Fargo has maintained its Equal-Weight rating for New Mountain Finance and raised its price target. This could potentially influence the stock's performance in the short term.
The decision by Wells Fargo to maintain its Equal-Weight rating and raise the price target for NMFC could influence investor sentiment and potentially impact the stock's performance in the short term. However, the raised price target is still below the current trading price, which could indicate a potential decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100