Wells Fargo Maintains Overweight on Sangamo Therapeutics, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Yanan Zhu has maintained an Overweight rating on Sangamo Therapeutics (NASDAQ:SGMO) but lowered the price target from $5 to $4.

August 10, 2023 | 2:08 pm
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Wells Fargo has maintained an Overweight rating on Sangamo Therapeutics but lowered the price target from $5 to $4.
The lowering of the price target by Wells Fargo from $5 to $4 indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
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