Wells Fargo Maintains Underweight on Empire State Realty Trust, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Blaine Heck maintains an Underweight rating on Empire State Realty Trust (NYSE:ESRT) but raises the price target from $7 to $10.
September 11, 2024 | 2:29 pm
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Wells Fargo has maintained an Underweight rating on Empire State Realty Trust but increased the price target from $7 to $10, indicating a slightly more positive outlook.
The increase in price target from $7 to $10 suggests a more optimistic view on the stock's potential, despite the Underweight rating. This could lead to a positive short-term impact on ESRT's stock price as investors may perceive the raised target as a sign of improving prospects.
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IMPORTANCE 80
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