Cable One shares are trading lower after Wells Fargo maintained its Underweight rating on the stock and lowered its price target from $460 to $400
Portfolio Pulse from Benzinga Newsdesk
Cable One's stock price declined following Wells Fargo's decision to maintain its Underweight rating and reduce the price target from $460 to $400.
April 05, 2024 | 6:53 pm
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NEGATIVE IMPACT
Cable One's stock price experienced a downturn after Wells Fargo reaffirmed its Underweight rating and lowered the price target to $400.
The reduction in price target by a reputable financial institution like Wells Fargo can lead to a negative investor sentiment towards Cable One, causing a short-term decline in its stock price. The Underweight rating reaffirmation further solidifies the bearish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100