Wells Fargo Initiates Coverage On NEXTracker with Equal-Weight Rating, Announces Price Target of $44
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Praneeth Satish has initiated coverage on NEXTracker (NASDAQ:NXT) with an Equal-Weight rating and a price target of $44.
September 18, 2023 | 10:24 am
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on NEXTracker with an Equal-Weight rating and a price target of $44.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook for NEXTracker. The price target of $44 indicates where the analyst believes the stock will trade in the near term. This news is highly relevant to NXT as it directly pertains to the company's stock. However, the impact on the stock price in the short term is uncertain as the rating is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100