Wells Fargo Maintains Overweight on Farfetch, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Farfetch (NYSE:FTCH) but lowered the price target from $18 to $13.

September 11, 2023 | 2:44 pm
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NEUTRAL IMPACT
Wells Fargo has maintained an Overweight rating on Farfetch but lowered the price target from $18 to $13.
The news is directly related to Farfetch as Wells Fargo has maintained an Overweight rating on the company but lowered the price target. This suggests that the analyst still sees potential in the company but is adjusting expectations. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100