Stephens & Co. Reiterates Equal-Weight on Wesbanco, Maintains $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Russell Gunther reiterated an Equal-Weight rating on Wesbanco (NASDAQ:WSBC) and maintained a $30 price target.
April 24, 2024 | 4:02 pm
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Stephens & Co. analyst Russell Gunther reiterated an Equal-Weight rating on Wesbanco and maintained a $30 price target.
The reiteration of an Equal-Weight rating and maintenance of a $30 price target by Stephens & Co. suggests a neutral outlook on Wesbanco's stock. This indicates that the analyst believes the stock is fairly valued at its current price level, neither undervalued nor overvalued. Therefore, the short-term impact on the stock price is likely to be minimal, as the market has likely already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100