Wells Fargo Downgrades CenterPoint Energy to Equal-Weight, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has downgraded CenterPoint Energy (NYSE:CNP) from Overweight to Equal-Weight and lowered the price target from $32 to $28.
August 13, 2024 | 11:07 am
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Wells Fargo analyst Sarah Akers downgraded CenterPoint Energy from Overweight to Equal-Weight and reduced the price target from $32 to $28.
The downgrade from Overweight to Equal-Weight and the reduction in the price target from $32 to $28 by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and could lead to a short-term decline in CenterPoint Energy's stock price.
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