Wells Fargo Reiterates Overweight on State Street, Maintains $83 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Mike Mayo has reiterated an Overweight rating on State Street (NYSE:STT) and maintained a price target of $83.
December 06, 2023 | 5:16 pm
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Wells Fargo analyst Mike Mayo reaffirmed an Overweight rating on State Street, with a steady price target of $83, indicating a positive outlook on the stock.
The reiteration of an Overweight rating by a major financial institution like Wells Fargo suggests a positive sentiment towards State Street's stock performance in the short term. The maintained price target of $83 indicates that the analyst sees potential for the stock to reach or exceed this level, which could influence investor confidence and potentially drive the stock price up.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100