Goldman Sachs Maintains Buy on Wells Fargo, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Richard Ramsden maintains a Buy rating on Wells Fargo but lowers the price target from $68 to $65.
September 11, 2024 | 5:34 pm
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Goldman Sachs has maintained its Buy rating on Wells Fargo but has lowered the price target from $68 to $65, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Wells Fargo's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100