Wells Fargo Maintains Equal-Weight on Smurfit WestRock, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Gabe Hajde has maintained an Equal-Weight rating on Smurfit WestRock (NYSE:SW) but has lowered the price target from $53 to $50.
October 07, 2024 | 7:58 pm
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Wells Fargo has maintained its Equal-Weight rating on Smurfit WestRock but reduced the price target from $53 to $50, indicating a slightly less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on Smurfit WestRock's short-term performance, which could lead to a negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100