Wells Fargo Maintains Equal-Weight on American Well, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Stan Berenshteyn maintains an Equal-Weight rating on American Well (NYSE:AMWL) but lowers the price target from $40 to $15.
August 06, 2024 | 3:19 pm
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Wells Fargo analyst Stan Berenshteyn maintains an Equal-Weight rating on American Well (NYSE:AMWL) but significantly lowers the price target from $40 to $15.
The significant reduction in the price target from $40 to $15 by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and the short-term stock price of American Well.
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