Wells Fargo Upgrades CareTrust REIT to Overweight, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded CareTrust REIT (NYSE:CTRE) from Equal-Weight to Overweight and increased its price target from $28 to $34.
October 01, 2024 | 2:39 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wells Fargo has upgraded CareTrust REIT from Equal-Weight to Overweight, raising the price target from $28 to $34, indicating a positive outlook.
The upgrade from Equal-Weight to Overweight by Wells Fargo suggests increased confidence in CareTrust REIT's performance. The raised price target from $28 to $34 indicates expectations of a higher valuation, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100