Wells Fargo Maintains Underweight on Sirius XM Holdings, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has maintained an Underweight rating on Sirius XM Holdings (NASDAQ:SIRI) and reduced the price target from $4.5 to $3.
April 01, 2024 | 3:46 pm
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Wells Fargo analyst Steven Cahall has maintained an Underweight rating on Sirius XM Holdings and reduced the price target from $4.5 to $3.
The reduction in price target by a significant financial institution like Wells Fargo, especially with an Underweight rating, suggests a bearish outlook on the stock. This could lead to a decrease in investor confidence and potentially lower the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100