Wells Fargo Downgrades Banc of California to Equal-Weight, Announces $13.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has downgraded Banc of California (NYSE:BANC) from Overweight to Equal-Weight and set a price target of $13.5.
October 04, 2023 | 10:46 am
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Banc of California has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a new price target of $13.5.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Banc of California. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $13.5 also provides a benchmark for investors.
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IMPORTANCE 80
RELEVANCE 100