Wells Fargo Downgrades Hawaiian Electric Indus to Underweight, Raises Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jonathan Reeder has downgraded Hawaiian Electric Industries (NYSE:HE) from Equal-Weight to Underweight, while raising the price target from $8 to $8.5.
November 10, 2023 | 11:18 am
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NEGATIVE IMPACT
Hawaiian Electric Industries has been downgraded to Underweight from Equal-Weight by Wells Fargo, with a raised price target of $8.5.
The downgrade from Equal-Weight to Underweight by Wells Fargo indicates a negative outlook for Hawaiian Electric Industries. This could potentially lead to a decrease in the stock's price in the short term. However, the raised price target from $8 to $8.5 suggests that the analyst sees some upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100