Wells Fargo Maintains Equal-Weight on Hydro One, Lowers Price Target to C$39
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has maintained an Equal-Weight rating on Hydro One (TSX:H) and lowered the price target from C$41 to C$39.
August 10, 2023 | 1:53 pm
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Wells Fargo's analyst has maintained an Equal-Weight rating on Hydro One and lowered the price target, which could influence investor sentiment towards Wells Fargo.
As the analyst's rating and price target can influence investor sentiment, this news could have a neutral impact on Wells Fargo's stock in the short term. However, the impact is not direct and depends on how investors perceive the analyst's credibility and the potential impact of the rating on Hydro One's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50