Wells Fargo Downgrades Spectrum Brands Holdings to Equal-Weight, Announces $73 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sam Reid downgraded Spectrum Brands Holdings (NYSE:SPB) from Overweight to Equal-Weight and set a price target of $73.
November 20, 2023 | 10:43 am
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Spectrum Brands Holdings was downgraded by Wells Fargo from Overweight to Equal-Weight with a price target of $73.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The new price target, while providing a benchmark, may also suggest limited upside potential from the current trading price, influencing investor sentiment.
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