Wells Fargo Maintains Underweight on Southwestern Energy, Raises Price Target to $6.3
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Underweight rating on Southwestern Energy (NYSE:SWN) and raised the price target from $6.2 to $6.3.
September 01, 2023 | 1:16 pm
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Southwestern Energy's price target has been raised from $6.2 to $6.3 by Wells Fargo, while maintaining an Underweight rating.
The news is directly about Southwestern Energy. While the price target increase is a positive sign, the Underweight rating suggests that the analyst believes the stock may underperform the market. This could have a neutral impact on the stock's short-term price as the positive and negative signals balance each other out.
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IMPORTANCE 70
RELEVANCE 100