Evercore ISI Group Maintains Outperform on Wells Fargo, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on Wells Fargo but has lowered the price target from $67 to $65.
September 06, 2024 | 1:12 pm
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NEUTRAL IMPACT
Evercore ISI Group has maintained an 'Outperform' rating on Wells Fargo, indicating continued confidence in the stock's performance. However, the price target has been slightly reduced from $67 to $65, suggesting a more cautious outlook.
The 'Outperform' rating suggests that the analyst still sees potential in Wells Fargo's stock, but the lowered price target indicates a slightly less optimistic view on its short-term price appreciation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100