Wells Fargo Maintains Overweight on RingCentral, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has maintained an Overweight rating on RingCentral (NYSE:RNG) but lowered the price target from $50 to $45.
August 08, 2023 | 6:36 pm
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Wells Fargo has maintained an Overweight rating on RingCentral but lowered the price target from $50 to $45.
The news is directly related to RingCentral (RNG). While the Overweight rating is maintained, indicating a positive outlook, the lowering of the price target could create some uncertainty among investors, potentially impacting the stock's short-term performance.
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