Wells Fargo Downgrades BRP Group to Equal-Weight, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan has downgraded BRP Group from Overweight to Equal-Weight and lowered the price target from $28 to $24.
November 08, 2023 | 12:06 pm
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BRP Group has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from $28 to $24.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for BRP Group. The lowering of the price target from $28 to $24 also suggests that the analyst believes the stock may underperform in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100