Wells Fargo Downgrades Crestwood Equity Partners to Equal-Weight, Lowers Price Target to $29
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Ned Baramov has downgraded Crestwood Equity Partners (NYSE:CEQP) from Overweight to Equal-Weight and lowered the price target from $31 to $29.
August 17, 2023 | 9:09 am
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Crestwood Equity Partners has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a reduced price target of $29.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Crestwood Equity Partners. The lowering of the price target from $31 to $29 also suggests that the analyst believes the stock may underperform in the short term. This could potentially lead to a decrease in the stock's price.
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