Wells Fargo Upgrades Phillips Edison to Equal-Weight, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded Phillips Edison (NASDAQ:PECO) from Underweight to Equal-Weight, setting a price target of $37.
August 28, 2024 | 1:54 pm
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POSITIVE IMPACT
Wells Fargo has upgraded Phillips Edison from Underweight to Equal-Weight, with a new price target of $37. This upgrade may positively influence investor sentiment and potentially lead to a short-term increase in PECO's stock price.
The upgrade from Underweight to Equal-Weight by a major financial institution like Wells Fargo is likely to improve investor sentiment. The new price target of $37 suggests potential upside, which could attract more buyers and lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100