Wells Fargo Initiates Coverage On Revvity with Equal-Weight Rating, Announces Price Target of $130
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Revvity (NYSE:RVTY) with an Equal-Weight rating and set a price target of $130.
August 27, 2024 | 9:48 pm
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on Revvity with an Equal-Weight rating and a price target of $130, indicating a neutral stance on the stock's potential.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook on Revvity's stock. The price target of $130 provides a benchmark for investors, but the Equal-Weight rating indicates that the stock is expected to perform in line with the market. This news is moderately important as it provides guidance from a reputable financial institution, but it does not suggest a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100