Wells Fargo Upgrades NuStar Energy to Equal-Weight, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has upgraded NuStar Energy (NYSE:NS) from Underweight to Equal-Weight and increased the price target from $18 to $21. This upgrade reflects a more favorable view of the company's stock by the analyst.
January 23, 2024 | 11:00 am
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NuStar Energy has been upgraded by Wells Fargo from Underweight to Equal-Weight, with a price target increase from $18 to $21, indicating a more positive outlook on the stock.
Upgrades by analysts can lead to increased investor confidence and can result in a short-term positive impact on the stock price. The increase in the price target suggests that the analyst sees more value in the stock than previously estimated.
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IMPORTANCE 85
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