Wells Fargo Initiates Coverage On Myriad Genetics with Equal-Weight Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timothy Daley has initiated coverage on Myriad Genetics (NASDAQ:MYGN) with an Equal-Weight rating and set a price target of $20 for the company's stock.
December 19, 2023 | 4:08 pm
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NEUTRAL IMPACT
Wells Fargo initiated coverage on Myriad Genetics with an Equal-Weight rating and a price target of $20, which may influence investors' perception of the stock.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook on Myriad Genetics' stock, indicating that the stock is properly valued at its current price. The price target of $20 provides a benchmark for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about Myriad Genetics. The importance is significant as analyst ratings can influence market perception and investment decisions. The confidence level is high due to the straightforward nature of analyst coverage initiations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100