Hawaiian Electric Industries shares are trading higher after Wells Fargo maintained an Underweight rating on the stock and raised its price target from $8.5 to $9.
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Industries' stock is trading higher following Wells Fargo's decision to maintain an Underweight rating but increase its price target from $8.5 to $9.
May 13, 2024 | 2:16 pm
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POSITIVE IMPACT
Wells Fargo maintained an Underweight rating on Hawaiian Electric Industries but raised its price target from $8.5 to $9, leading to a positive trading response.
The increase in the price target by Wells Fargo, despite maintaining an Underweight rating, suggests a slightly more optimistic outlook on HE's stock value, potentially leading to short-term positive sentiment among investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90