Wells Fargo Upgrades Equifax to Overweight, Raises Price Target to $290
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Seth Weber upgraded Equifax (NYSE:EFX) from Equal-Weight to Overweight and increased the price target from $200 to $290, indicating a positive outlook on the company's stock.
December 15, 2023 | 11:55 am
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Equifax was upgraded by Wells Fargo from Equal-Weight to Overweight with a significant price target increase from $200 to $290, suggesting strong confidence in the company's future performance.
Upgrades by analysts, especially from reputable financial institutions like Wells Fargo, can lead to increased investor confidence and a potential rise in stock price. The substantial raise in the price target from $200 to $290 reflects a strong positive sentiment towards Equifax's market position and future earnings potential, which may influence the stock price positively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100