Wells Fargo Downgrades Equitrans Midstream to Underweight, Announces $10 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has downgraded Equitrans Midstream (NYSE:ETRN) from Equal-Weight to Underweight and set a price target of $10.
December 14, 2023 | 12:03 pm
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Wells Fargo downgraded Equitrans Midstream from Equal-Weight to Underweight and set a price target of $10, potentially impacting the stock's performance negatively in the short term.
Downgrades by major analysts like Wells Fargo can lead to a negative perception among investors, potentially causing a decrease in stock price. The new price target of $10 suggests a bearish outlook on the stock's value.
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