Wells Fargo Maintains Overweight on Wolfspeed, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gary Mobley has maintained an Overweight rating on Wolfspeed (NYSE:WOLF) but lowered the price target from $60 to $50.
October 20, 2023 | 2:54 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Wells Fargo has maintained an Overweight rating on Wolfspeed but lowered the price target from $60 to $50.
The news is directly related to Wolfspeed and is likely to influence investor sentiment. While the Overweight rating is positive, the reduction in price target may create some uncertainty. However, the impact on the stock price is not clear cut and could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100