Wells Fargo Downgrades Brighthouse Finl to Underweight, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan has downgraded Brighthouse Financial (NASDAQ:BHF) from Equal-Weight to Underweight and set a price target of $40.
August 12, 2024 | 11:03 am
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Wells Fargo analyst Elyse Greenspan downgraded Brighthouse Financial from Equal-Weight to Underweight and set a price target of $40.
The downgrade from Equal-Weight to Underweight by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and could lead to a short-term decline in BHF's stock price. The $40 price target suggests a bearish outlook.
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