Wells Fargo Upgrades SJW Gr to Equal-Weight, Announces $61 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jonathan Reeder has upgraded SJW Gr (NYSE:SJW) from Underweight to Equal-Weight and announced a price target of $61.
October 25, 2023 | 12:00 pm
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NEUTRAL IMPACT
Wells Fargo analyst has upgraded SJW Gr and set a new price target.
While the news is about Wells Fargo's analyst's actions, it doesn't directly impact Wells Fargo's stock. However, it does reflect on the bank's market analysis capabilities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Wells Fargo has upgraded SJW Gr from Underweight to Equal-Weight and set a price target of $61.
The upgrade from Underweight to Equal-Weight by Wells Fargo indicates a more positive outlook for SJW Gr. The new price target of $61 also suggests potential upside for the stock. This could lead to increased investor interest and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100