Wells Fargo Initiates Coverage On GeneDx Hldgs with Equal-Weight Rating, Announces Price Target of $34
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on GeneDx Holdings with an Equal-Weight rating and set a price target of $34.
August 27, 2024 | 9:50 pm
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on GeneDx Holdings with an Equal-Weight rating and a price target of $34, indicating a neutral stance on the stock.
The initiation of coverage by Wells Fargo with an Equal-Weight rating suggests a neutral outlook on GeneDx Holdings. The price target of $34 provides a specific valuation expectation, but the neutral rating indicates no strong buy or sell recommendation, likely resulting in a stable short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100