Wells Fargo Maintains Equal-Weight on Smith Douglas Homes, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sam Reid maintains an Equal-Weight rating on Smith Douglas Homes (NYSE:SDHC) and raises the price target from $35 to $40.
October 07, 2024 | 8:34 pm
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Wells Fargo has maintained its Equal-Weight rating on Smith Douglas Homes while increasing the price target from $35 to $40, indicating a positive outlook.
The increase in price target from $35 to $40 by Wells Fargo suggests a positive outlook for Smith Douglas Homes, which could lead to a short-term increase in stock price. The maintenance of an Equal-Weight rating indicates a balanced view, but the raised target is a positive signal.
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