Booz Allen Hamilton shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight, despite lowering its price target from $168 to $165.
Portfolio Pulse from Benzinga Newsdesk
Booz Allen Hamilton shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight, despite lowering its price target from $168 to $165.
July 29, 2024 | 6:58 pm
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POSITIVE IMPACT
Booz Allen Hamilton shares are trading higher following an upgrade from Wells Fargo, which moved the stock from Equal-Weight to Overweight. Despite the upgrade, Wells Fargo slightly lowered its price target from $168 to $165.
The upgrade from Wells Fargo to Overweight is a positive signal for investors, indicating increased confidence in Booz Allen Hamilton's performance. The slight reduction in the price target is unlikely to overshadow the positive sentiment from the upgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100