Wells Fargo Maintains Equal-Weight on Spectrum Brands Holdings, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey has maintained an Equal-Weight rating on Spectrum Brands Holdings (NYSE:SPB) and increased the price target from $85 to $95.
May 10, 2024 | 3:15 pm
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POSITIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on Spectrum Brands Holdings but raised the price target from $85 to $95, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Chris Carey suggests a positive reassessment of Spectrum Brands Holdings' market value and future performance. This adjustment is likely to be viewed favorably by investors, potentially leading to a short-term increase in the stock's price as market participants adjust their expectations in light of the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90