Wells Fargo Maintains Overweight on Adient, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Overweight rating on Adient (NYSE:ADNT) but lowered the price target from $41 to $40.
February 08, 2024 | 1:40 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on Adient, with a reduced price target from $41 to $40.
The adjustment in price target by a major analyst like Wells Fargo could have a neutral to slightly negative short-term impact on Adient's stock price. While the maintenance of an Overweight rating indicates a positive outlook on the stock, the reduction in the price target might cause some investors to adjust their expectations slightly downwards. However, the impact is likely to be moderate given the small change in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100