NuScale Power shares are trading lower after Wells Fargo downgraded the stock from Equal-Weight to Underweight and lowered its price target from $7.50 to $4.50.
Portfolio Pulse from Benzinga Newsdesk
NuScale Power's stock trades lower following a downgrade by Wells Fargo from Equal-Weight to Underweight, with a price target reduction from $7.50 to $4.50.
March 19, 2024 | 11:19 am
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NuScale Power, represented by the ticker SMR, saw its stock price decline following a downgrade by Wells Fargo, which also reduced its price target significantly.
The downgrade by a major financial institution like Wells Fargo can significantly impact investor sentiment and stock price. The reduction in the price target suggests a bearish outlook on the stock's future performance, likely leading to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100