Wells Fargo Upgrades ONE Gas to Overweight, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded ONE Gas (NYSE:OGS) from Equal-Weight to Overweight and increased its price target from $71 to $80, indicating a positive outlook for the company's stock.
September 11, 2024 | 12:49 pm
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Wells Fargo analyst Sarah Akers has upgraded ONE Gas from Equal-Weight to Overweight and increased the price target from $71 to $80, suggesting a positive short-term outlook for the stock.
The upgrade from Equal-Weight to Overweight by a major financial institution like Wells Fargo typically indicates increased confidence in the company's performance. The raised price target from $71 to $80 suggests that the analyst expects the stock to appreciate in value, which is likely to positively impact the stock price in the short term.
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