Wells Fargo Initiates Coverage On Revvity with Equal-Weight Rating, Announces Price Target of $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timothy Daley has initiated coverage on Revvity (NYSE:RVTY) with an Equal-Weight rating and set a price target of $95 for the company's stock.
December 19, 2023 | 4:06 pm
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NEUTRAL IMPACT
Wells Fargo analyst Timothy Daley initiated coverage on Revvity with an Equal-Weight rating and a price target of $95.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook on Revvity's stock, indicating that the stock is expected to perform in line with the market or sector average. The price target of $95 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about Revvity. The importance is significant as analyst ratings can influence investor perception and stock price, but it is not at the highest level as the rating is neutral rather than positive or negative. The confidence level is high due to the credibility of Wells Fargo as a financial institution, but not absolute as market conditions and unforeseen factors can affect stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100