Wells Fargo Initiates Coverage On Realty Income with Equal-Weight Rating, Announces Price Target of $59
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Connor Siversky has initiated coverage on Realty Income (NYSE:O) with an Equal-Weight rating and a price target of $59.
September 21, 2023 | 8:54 am
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on Realty Income with an Equal-Weight rating and a price target of $59.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook for Realty Income. The price target of $59 indicates where the analyst believes the stock will trade in the near term. This news is highly relevant to Realty Income as it directly pertains to the company's stock. The importance is moderate as analyst ratings can influence investor sentiment and stock performance. The confidence in this analysis is high as the information is clear and direct.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100