Wells Fargo Maintains Equal-Weight on Vital Energy, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Hanwen Chang has maintained an Equal-Weight rating on Vital Energy (NYSE:VTLE) but has lowered the price target from $41 to $29.
October 01, 2024 | 6:45 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Vital Energy but reduced the price target from $41 to $29, indicating a less optimistic outlook.
The reduction in the price target from $41 to $29 by Wells Fargo suggests a less optimistic view on Vital Energy's future performance, which could lead to a negative short-term impact on the stock price. The maintained Equal-Weight rating indicates a neutral stance, but the significant cut in the price target is likely to weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100