Wells Fargo Downgrades Booz Allen Hamilton to Equal-Weight, Lowers Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers has downgraded Booz Allen Hamilton (NYSE:BAH) from Overweight to Equal-Weight and reduced the price target from $142 to $138.
November 28, 2023 | 10:51 am
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Booz Allen Hamilton was downgraded by Wells Fargo from Overweight to Equal-Weight, with a price target decrease from $142 to $138.
The downgrade by a major financial institution like Wells Fargo can lead to a negative perception among investors, potentially causing a short-term decline in BAH's stock price. The reduction in the price target further supports the expectation of a lower valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100