Lions Gate Entertainment shares are trading lower after Wells Fargo lowered its price target on the stock from $12 to $10.
Portfolio Pulse from Benzinga Newsdesk
Lions Gate Entertainment shares are trading lower following a price target reduction by Wells Fargo from $12 to $10.
August 28, 2024 | 6:56 pm
News sentiment analysis
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NEGATIVE IMPACT
Lions Gate Entertainment's stock is experiencing a decline due to Wells Fargo's decision to lower its price target from $12 to $10.
The reduction in price target by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Lions Gate Entertainment's stock is experiencing a decline due to Wells Fargo's decision to lower its price target from $12 to $10.
The reduction in price target by a major financial institution like Wells Fargo is likely to negatively impact investor sentiment, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90