Wells Fargo Maintains Underweight on Prospect Capital, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has maintained an Underweight rating on Prospect Capital (NASDAQ:PSEC) and lowered the price target from $5 to $4.5.
August 30, 2024 | 2:34 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Underweight rating on Prospect Capital and reduced the price target from $5 to $4.5, indicating a bearish outlook.
The Underweight rating suggests that Wells Fargo expects PSEC to underperform relative to other stocks. The lowered price target from $5 to $4.5 indicates a negative outlook on the stock's future performance, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100