Wells Fargo Maintains Equal-Weight on CVS Health, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Stephen Baxter has maintained an Equal-Weight rating on CVS Health (NYSE:CVS) and reduced the price target from $76 to $60.
May 07, 2024 | 5:05 pm
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Wells Fargo has maintained an Equal-Weight rating on CVS Health but lowered the price target from $76 to $60.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term impact on CVS Health's stock price. Investors often view such adjustments as a signal of the analyst's view on the stock's future performance, potentially leading to decreased investor confidence and a drop in stock price.
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