Wells Fargo Maintains Overweight on Adient, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan maintains an Overweight rating on Adient (NYSE:ADNT) but lowers the price target from $29 to $27.
September 20, 2024 | 2:50 pm
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Wells Fargo's analyst Colin Langan maintains an Overweight rating on Adient but reduces the price target from $29 to $27, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Adient'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