Wells Fargo Maintains Overweight Rating for Booz Allen Hamilton: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Booz Allen Hamilton (NYSE:BAH) but lowered its price target from $140.00 to $126.00. Booz Allen Hamilton's shares are currently trading at $112.64, up 1.08% over the last 24 hours. A move to $126.00 would represent an 11.86% increase from the current share price.
September 18, 2023 | 5:00 pm
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Wells Fargo has maintained its Overweight rating for Booz Allen Hamilton but lowered its price target. This could potentially lead to an increase in the stock's price if the market reacts positively to the rating and target price.
Analyst ratings and price targets can significantly influence a stock's price. In this case, Wells Fargo has maintained an Overweight rating for Booz Allen Hamilton, indicating that they believe the stock will outperform the market. However, they have lowered their price target, which could suggest they believe the stock's growth may be slower than previously expected. If investors agree with Wells Fargo's assessment, this could lead to increased demand for the stock, potentially driving up its price.
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