Wells Fargo Downgrades NuScale Power to Underweight, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Neil Kalton downgraded NuScale Power (NYSE:SMR) from Equal-Weight to Underweight and reduced the price target from $7.5 to $4.5.
March 19, 2024 | 10:07 am
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Wells Fargo downgraded NuScale Power from Equal-Weight to Underweight and lowered the price target from $7.5 to $4.5.
The downgrade by a major financial institution like Wells Fargo, especially with a significant reduction in the price target, is likely to negatively impact investor sentiment towards NuScale Power in the short term. This could lead to a decrease in the stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100