Wells Fargo Upgrades First Solar to Overweight, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum upgraded First Solar (FSLR) from Equal-Weight to Overweight and increased the price target from $187 to $250, indicating a positive outlook on the company's stock.
April 19, 2024 | 11:39 am
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POSITIVE IMPACT
First Solar's stock was upgraded by Wells Fargo from Equal-Weight to Overweight, with a price target increase from $187 to $250, reflecting a strong positive sentiment towards the company's future performance.
The upgrade by Wells Fargo, a major financial institution, to Overweight from Equal-Weight for First Solar, along with a significant increase in the price target, suggests a strong conviction in the company's growth prospects and operational performance. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100