Wells Fargo shares are trading lower after Evercore ISI Group maintained an Outperform rating on the stock and lowered its price target from $67 to $65.
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo shares declined after Evercore ISI Group maintained an Outperform rating but lowered its price target from $67 to $65.
September 06, 2024 | 2:49 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo shares are trading lower following Evercore ISI Group's decision to maintain an Outperform rating but reduce the price target from $67 to $65.
The reduction in the price target by Evercore ISI Group, despite maintaining an Outperform rating, suggests a less optimistic outlook on Wells Fargo's stock performance, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100