Wells Fargo Maintains Overweight on Welltower, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Todd Stender has maintained an Overweight rating on Welltower (NYSE:WELL) and increased the price target from $93 to $95.
November 13, 2023 | 3:13 pm
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Wells Fargo analyst Todd Stender has reaffirmed Welltower's Overweight rating and raised the price target to $95, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the short term. Investors often view such updates as a positive sign and may increase their buying activity, potentially driving the stock price up.
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