Wells Fargo Maintains Overweight Rating for Corporate Office Props Tr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Corporate Office Props Tr (NYSE:OFC) and increased its price target from $29.00 to $31.00. This would represent a 20.41% increase from the current share price. Corporate Office Properties Trust is a REIT that acquires, manages, and leases office and data center properties throughout the U.S., with most of its revenue coming from leasing properties to U.S. Government agencies and its contractors.
August 30, 2023 | 5:00 pm
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Wells Fargo has maintained its Overweight rating for Corporate Office Props Tr and raised its price target. This could potentially lead to an increase in the stock's price.
Analyst ratings and price targets can significantly influence a stock's price. In this case, Wells Fargo, a reputable financial institution, has maintained an Overweight rating for OFC and raised its price target. This suggests that they believe the stock is undervalued and has potential for growth, which could lead to an increase in the stock's price.
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