Wells Fargo Upgrades Sunstone Hotel Invts to Equal-Weight, Announces $10.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded Sunstone Hotel Invts (NYSE:SHO) from Underweight to Equal-Weight, setting a price target of $10.5.

September 13, 2024 | 2:12 pm
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POSITIVE IMPACT
Wells Fargo has upgraded Sunstone Hotel Invts from Underweight to Equal-Weight, with a new price target of $10.5. This upgrade may positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
The upgrade from Underweight to Equal-Weight by a major financial institution like Wells Fargo is likely to improve investor sentiment. The new price target of $10.5 suggests potential upside, which could lead to increased buying interest and a short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100