Wells Fargo Maintains Equal-Weight on Emera, Lowers Price Target to C$51
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton has maintained an Equal-Weight rating on Emera (TSX:EMA) and lowered the price target from C$56 to C$51.
October 20, 2023 | 2:20 pm
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NEUTRAL IMPACT
Wells Fargo's analyst has maintained an Equal-Weight rating on Emera and lowered the price target, which could influence investor sentiment towards Wells Fargo.
As the analyst's rating and price target can influence investor sentiment, this news could have a neutral impact on Wells Fargo's stock in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Emera's price target has been lowered by Wells Fargo from C$56 to C$51, which could negatively impact the stock in the short term.
The lowering of the price target by a major financial institution like Wells Fargo could lead to a negative sentiment among investors, potentially causing a short-term drop in Emera's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100