Wells Fargo Maintains Equal-Weight on TE Connectivity, Lowers Price Target to $153
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Equal-Weight rating on TE Connectivity (NYSE:TEL) but has lowered the price target from $155 to $153.
September 20, 2024 | 2:54 pm
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NEUTRAL IMPACT
Wells Fargo has maintained its Equal-Weight rating on TE Connectivity but slightly lowered the price target from $155 to $153, indicating a modestly less optimistic outlook.
The maintenance of an Equal-Weight rating suggests a neutral stance, while the slight reduction in the price target indicates a minor adjustment in expectations. This is not a significant change, hence the neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100