Wells Fargo Maintains Equal-Weight on Runway Gwth Fin, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timothy O'Shea maintains an Equal-Weight rating on Runway Growth Finance Corp (RWAY) and lowers the price target from $13 to $12.
May 08, 2024 | 2:40 pm
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Wells Fargo analyst Timothy O'Shea maintains an Equal-Weight rating on Runway Growth Finance Corp and lowers the price target from $13 to $12.
The reduction in price target by Wells Fargo, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in RWAY's stock price. The maintenance of an Equal-Weight rating indicates a neutral long-term outlook, but the immediate impact of the price target adjustment is likely negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100