Wells Fargo Maintains Underweight on Toast, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jeff Cantwell has maintained an Underweight rating on Toast (NYSE:TOST) and reduced the price target from $15 to $12.
November 20, 2023 | 1:59 pm
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Wells Fargo analyst Jeff Cantwell has maintained an Underweight rating on Toast and lowered the price target from $15 to $12.
The reduction in price target by a major financial institution like Wells Fargo suggests a bearish outlook on Toast's stock, which could lead to a negative short-term impact on its share price. The Underweight rating indicates that the analyst believes the stock will underperform the sector or the overall market.
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IMPORTANCE 80
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