Wells Fargo Maintains Equal-Weight on RingCentral, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin maintains an Equal-Weight rating on RingCentral (NYSE:RNG) but lowers the price target from $33 to $28.
June 21, 2024 | 12:14 pm
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Wells Fargo analyst Michael Turrin maintains an Equal-Weight rating on RingCentral but lowers the price target from $33 to $28.
The lowered price target from $33 to $28 by Wells Fargo suggests a less optimistic outlook for RingCentral's stock performance, which could lead to a short-term decline in its stock price.
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