Wells Fargo Downgrades SITE Centers to Equal-Weight, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded SITE Centers from Overweight to Equal-Weight and reduced its price target from $68 to $19.
October 02, 2024 | 1:42 pm
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NEGATIVE IMPACT
Wells Fargo has downgraded SITE Centers from Overweight to Equal-Weight, significantly lowering the price target from $68 to $19, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight by Wells Fargo suggests a less favorable view on SITE Centers' stock, which is likely to negatively impact its short-term price. The drastic reduction in the price target from $68 to $19 further emphasizes the analyst's reduced confidence in the stock's performance.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100