Wells Fargo Initiates Coverage On CareDx with Underweight Rating, Announces Price Target of $28
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on CareDx with an Underweight rating and set a price target of $28.
August 27, 2024 | 9:54 pm
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Wells Fargo has initiated coverage on CareDx with an Underweight rating, suggesting potential downside, and set a price target of $28.
The Underweight rating by Wells Fargo suggests that the analyst expects CareDx to underperform relative to other stocks. The price target of $28 indicates a potential downside from current levels, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100