Wells Fargo Maintains Overweight on Boston Omaha, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has maintained an Overweight rating on Boston Omaha (NYSE:BOC) but lowered the price target from $28 to $25.
August 25, 2023 | 1:18 pm
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Boston Omaha's price target has been lowered from $28 to $25 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by a major financial institution like Wells Fargo could potentially lead to a decrease in the stock price of Boston Omaha in the short term. However, the maintenance of the Overweight rating indicates that the analyst still sees potential for the stock to outperform.
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IMPORTANCE 80
RELEVANCE 100