Wells Fargo Downgrades Snowflake to Equal-Weight, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Turrin has downgraded Snowflake (NYSE:SNOW) from Overweight to Equal-Weight and lowered the price target from $200 to $130.

August 15, 2024 | 11:30 am
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Wells Fargo analyst Michael Turrin downgraded Snowflake from Overweight to Equal-Weight and reduced the price target from $200 to $130.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $200 to $130 by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment and could lead to a short-term decline in Snowflake's stock price.
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