Wells Fargo Initiates Coverage On Toast with Underweight Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jeff Cantwell has initiated coverage on Toast (NYSE:TOST) with an Underweight rating and a price target of $16.
October 31, 2023 | 8:34 am
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Wells Fargo has initiated coverage on Toast with an Underweight rating and a price target of $16, which could negatively impact the stock's price.
Analyst ratings and price targets can significantly influence a stock's price. In this case, Wells Fargo's Underweight rating and low price target for Toast suggest that they believe the stock is overvalued, which could lead to a decrease in its price.
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