Wells Fargo Maintains Equal-Weight on Hawaiian Electric Indus, Lowers Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Jonathan Reeder has maintained an Equal-Weight rating on Hawaiian Electric Industries (NYSE:HE) but has lowered the price target from $14 to $11.5.
September 30, 2024 | 3:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on Hawaiian Electric Industries but reduced the price target from $14 to $11.5, indicating a less optimistic outlook.
The reduction in price target from $14 to $11.5 by Wells Fargo suggests a less optimistic view on Hawaiian Electric Industries' future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100