Wells Fargo Upgrades Booz Allen Hamilton to Overweight, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Matthew Akers has upgraded Booz Allen Hamilton (NYSE:BAH) from Equal-Weight to Overweight, while lowering the price target from $168 to $165.
July 29, 2024 | 12:24 pm
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POSITIVE IMPACT
Wells Fargo has upgraded Booz Allen Hamilton to Overweight, indicating a positive outlook on the stock. However, the price target has been slightly lowered from $168 to $165.
The upgrade to Overweight suggests that Wells Fargo sees strong potential in Booz Allen Hamilton's stock, which is a positive signal for investors. The slight reduction in the price target to $165 from $168 may indicate some caution, but overall, the upgrade is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100