Wells Fargo Maintains Overweight on Everest Group, Raises Price Target to $461
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on Everest Group (NYSE:EG) and raises the price target from $452 to $461.
October 17, 2023 | 1:48 pm
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NEUTRAL IMPACT
Wells Fargo analyst Elyse Greenspan maintains an Overweight rating on Everest Group and raises the price target.
While Wells Fargo's actions can influence the market, this specific news is more about their analysis of Everest Group rather than a direct action by Wells Fargo. Therefore, the impact on Wells Fargo's stock is neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Everest Group's price target has been raised from $452 to $461 by Wells Fargo, which maintains an Overweight rating on the stock.
The raised price target indicates that the analyst expects the stock to outperform, which could lead to an increase in the stock's price in the short term. The Overweight rating also suggests that the stock is expected to outperform its sector in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100