Wells Fargo Maintains Underweight on Phillips Edison, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Tammi Fique maintains an Underweight rating on Phillips Edison (NASDAQ:PECO) and lowers the price target from $35 to $34.
May 28, 2024 | 12:37 pm
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NEGATIVE IMPACT
Wells Fargo analyst Tammi Fique maintains an Underweight rating on Phillips Edison and lowers the price target from $35 to $34.
The Underweight rating and lowered price target from a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and could lead to a short-term decline in PECO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100