Wells Fargo Maintains Underweight on Avnet, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph Quatrochi has maintained an Underweight rating on Avnet (NASDAQ:AVT) and raised the price target from $37 to $40.
August 17, 2023 | 12:08 pm
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NEUTRAL IMPACT
Wells Fargo has maintained an Underweight rating on Avnet and raised the price target from $37 to $40.
The news is directly about Avnet and is likely to influence investor sentiment. The raised price target indicates a positive outlook, but the Underweight rating suggests that the stock may underperform. The impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100