Wells Fargo Downgrades BILL Holdings to Underweight, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch downgraded BILL Holdings (NYSE:BILL) from Equal-Weight to Underweight and reduced the price target from $70 to $60.
April 01, 2024 | 2:35 pm
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Wells Fargo downgraded BILL Holdings to Underweight and lowered its price target to $60.
The downgrade from Equal-Weight to Underweight by a major financial institution like Wells Fargo, accompanied by a reduction in the price target, is likely to negatively impact investor sentiment towards BILL Holdings. This could lead to a decrease in the stock price in the short term as the market adjusts to the new valuation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100