Wells Fargo Maintains Overweight on Wolfspeed, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on Wolfspeed (NYSE:WOLF) but lowered the price target from $80 to $60.
August 17, 2023 | 12:06 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Overweight rating on Wolfspeed but lowered the price target from $80 to $60.
The lowering of the price target by Wells Fargo indicates a potential decrease in the stock's value. However, the Overweight rating suggests that the company is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100