Corteva shares are trading lower after Wells Fargo maintained an Overweight rating on the stock but lowered its price target from $73 to $66.
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has maintained an Overweight rating on Corteva's stock but has lowered its price target from $73 to $66. This has led to a decrease in Corteva's share price.
October 23, 2023 | 2:12 pm
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Corteva's stock price is trading lower after Wells Fargo maintained an Overweight rating but lowered its price target from $73 to $66.
The decrease in Corteva's share price is directly linked to Wells Fargo's decision to lower its price target on the stock. This suggests that investors are reacting negatively to the revised price target, despite the Overweight rating being maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100