Wells Fargo Downgrades BOK Financial to Equal-Weight, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jared Shaw has downgraded BOK Financial from Overweight to Equal-Weight and lowered the price target from $90 to $70.
October 26, 2023 | 10:06 am
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NEGATIVE IMPACT
BOK Financial has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from $90 to $70.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for BOK Financial. The lowered price target from $90 to $70 also suggests that the analyst believes the stock may underperform in the future. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100