Wells Fargo Maintains Overweight on Health Catalyst, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Stan Berenshteyn maintains an Overweight rating on Health Catalyst (HCAT) but lowers the price target from $14 to $13.

May 10, 2024 | 3:50 pm
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Wells Fargo maintains an Overweight rating on Health Catalyst but lowers the price target from $14 to $13.
The adjustment in price target by a major analyst like Wells Fargo can have a mixed impact on HCAT's stock price. While maintaining an Overweight rating indicates a positive outlook on the stock, lowering the price target could signal a tempered expectation for its short-term growth potential. Investors might react cautiously to the lowered price target, potentially leading to short-term price stability rather than significant movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100