Wells Fargo Maintains Equal-Weight on SM Energy, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Hanwen Chang has maintained an Equal-Weight rating on SM Energy but has lowered the price target from $48 to $43.
October 01, 2024 | 6:46 pm
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Wells Fargo has maintained its Equal-Weight rating on SM Energy but reduced the price target from $48 to $43, indicating a less optimistic outlook.
The reduction in the price target from $48 to $43 by Wells Fargo suggests a less optimistic view on SM Energy's future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations.
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