Wells Fargo Downgrades Enbridge to Equal-Weight, Lowers Price Target to C$50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Praneeth Satish has downgraded Enbridge (TSX:ENB) from Overweight to Equal-Weight and lowered the price target from C$58 to C$50.
September 06, 2023 | 11:08 am
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Enbridge has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from C$58 to C$50.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Enbridge. The lowering of the price target from C$58 to C$50 further suggests that the analyst believes the stock may underperform in the short term.
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