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.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100