Wells Fargo Downgrades Boston Omaha to Equal-Weight, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has downgraded Boston Omaha (NYSE:BOC) from Overweight to Equal-Weight and reduced the price target from $17 to $15.
September 19, 2024 | 1:39 pm
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Wells Fargo has downgraded Boston Omaha from Overweight to Equal-Weight and reduced its price target from $17 to $15, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight by Wells Fargo suggests a less favorable view on Boston Omaha's stock performance. The reduction in the price target from $17 to $15 indicates a lower expected valuation, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100