Wells Fargo Initiates Coverage On Charles Schwab with Equal-Weight Rating, Announces Price Target of $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Charles Schwab with an Equal-Weight rating and set a price target of $70.
September 12, 2024 | 2:18 pm
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on Charles Schwab with an Equal-Weight rating and a price target of $70, indicating a neutral stance on the stock.
The Equal-Weight rating suggests that Wells Fargo sees Charles Schwab's stock as fairly valued at current levels. The price target of $70 indicates where they expect the stock to be in the near term. This neutral stance is likely to result in minimal immediate impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100