Wells Fargo Maintains Equal-Weight on SM Energy, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Hanwen Chang has maintained an Equal-Weight rating on SM Energy but has lowered the price target from $50 to $48.
August 22, 2024 | 3:06 pm
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Wells Fargo has maintained its Equal-Weight rating on SM Energy but reduced the price target from $50 to $48, indicating a slightly less optimistic outlook.
The reduction in the price target from $50 to $48 by Wells Fargo suggests a slightly less optimistic view on SM Energy's future performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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