Wells Fargo Upgrades Southwestern Energy to Equal-Weight, Raises Price Target to $6.9
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has upgraded Southwestern Energy (NYSE:SWN) from Underweight to Equal-Weight and increased the price target from $6.3 to $6.9.
November 22, 2023 | 9:06 am
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POSITIVE IMPACT
Wells Fargo upgraded Southwestern Energy to Equal-Weight and raised the price target to $6.9, indicating a more favorable outlook for the company.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance or valuation of the company. The increase in the price target further supports this positive outlook, potentially leading to increased investor confidence and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100