Wells Fargo Maintains Underweight on Visteon, Lowers Price Target to $123
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Underweight rating on Visteon (NASDAQ:VC) and lowered the price target from $138 to $123.
October 03, 2023 | 12:56 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Underweight rating on Visteon and lowered the price target, which could negatively impact the stock's price.
The lowering of the price target by a major financial institution like Wells Fargo indicates a lack of confidence in the stock's potential to perform well. This could lead to a decrease in the stock's price as investors may be influenced by this rating and price target adjustment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100