Wells Fargo Upgrades United States Cellular to Overweight, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded United States Cellular (NYSE:USM) from Equal-Weight to Overweight and raised the price target from $38 to $75.
May 30, 2024 | 2:51 pm
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Wells Fargo has upgraded United States Cellular (NYSE:USM) from Equal-Weight to Overweight and raised the price target from $38 to $75.
The upgrade from Equal-Weight to Overweight and the significant increase in the price target from $38 to $75 by Wells Fargo is likely to positively impact USM's stock price in the short term. Such upgrades typically signal strong confidence in the company's future performance.
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