Wells Fargo Upgrades Greif to Overweight, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde has upgraded Greif (NYSE:GEF) from Equal-Weight to Overweight and increased the price target from $64 to $75, indicating a positive outlook on the company's stock.
January 11, 2024 | 11:50 am
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Greif's stock rating has been upgraded by Wells Fargo from Equal-Weight to Overweight, with a raised price target from $64 to $75, suggesting a bullish stance on the stock's future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a positive change in the analyst's view of the company's future earnings potential and financial health. The increase in price target further reinforces the expectation of stock price appreciation.
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