Wells Fargo Downgrades Clear Secure to Underweight, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin downgraded Clear Secure (NYSE:YOU) from Equal-Weight to Underweight and set a price target of $20.

December 20, 2023 | 11:10 am
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Clear Secure was downgraded by Wells Fargo from Equal-Weight to Underweight with a price target of $20.
Downgrades by analysts, especially from a major financial institution like Wells Fargo, can lead to a negative perception among investors and a potential decrease in stock price. The setting of a price target below the current market price can further contribute to bearish sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100