Wells Fargo Downgrades Terreno Realty to Equal-Weight, Announces $75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Blaine Heck has downgraded Terreno Realty (NYSE:TRNO) from Overweight to Equal-Weight, setting a price target of $75.
August 28, 2024 | 1:48 pm
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Wells Fargo has downgraded Terreno Realty from Overweight to Equal-Weight, with a new price target of $75, indicating a more cautious outlook.
The downgrade from Overweight to Equal-Weight by a major financial institution like Wells Fargo suggests a less optimistic view on Terreno Realty's stock performance. The $75 price target may influence investor sentiment negatively in the short term.
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