Bally's shares are trading lower after Wells Fargo downgraded the stock from Equal-Weight to Underweight.
Portfolio Pulse from Benzinga Newsdesk
Bally's Corporation's stock (BALY) is trading lower following a downgrade by Wells Fargo from Equal-Weight to Underweight.
January 05, 2024 | 2:09 pm
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Wells Fargo downgraded Bally's Corporation from Equal-Weight to Underweight, leading to a decline in the stock's trading price.
Analyst ratings can significantly influence investor sentiment and stock prices. The downgrade by a major financial institution like Wells Fargo suggests a bearish outlook on BALY, which can lead to a decrease in investor confidence and a short-term drop in the stock price.
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