Wells Fargo Maintains Equal-Weight on BILL Holdings, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch maintains an Equal-Weight rating on BILL Holdings (NYSE:BILL) and lowers the price target from $75 to $70.
February 09, 2024 | 2:42 pm
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Wells Fargo maintains an Equal-Weight rating on BILL Holdings and lowers the price target from $75 to $70.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in BILL Holdings' stock price. The Equal-Weight rating suggests that the analyst sees the company as adequately valued at its current price, but the lowered target indicates a reassessment of the company's future growth prospects or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100