Wells Fargo Upgrades NEXTracker to Overweight, Announces $57 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Praneeth Satish has upgraded NEXTracker (NASDAQ:NXT) from Equal-Weight to Overweight and set a price target of $57.
January 08, 2024 | 11:11 am
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NEXTracker's stock rating has been upgraded by Wells Fargo from Equal-Weight to Overweight with a new price target of $57.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest a bullish outlook. The new price target of $57 implies a significant upside from the current trading level, which can attract investors and drive up the stock price.
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