Wells Fargo Downgrades EnLink Midstream to Equal-Weight, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded EnLink Midstream from Overweight to Equal-Weight and reduced its price target from $16 to $15.
August 30, 2024 | 1:40 pm
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Wells Fargo analyst Praneeth Satish downgraded EnLink Midstream from Overweight to Equal-Weight, reducing the price target from $16 to $15. This suggests a more cautious outlook on the stock.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic view on EnLink Midstream's stock performance. The reduction in price target from $16 to $15 suggests limited upside potential, likely leading to a negative short-term impact on the stock price.
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