Wells Fargo Maintains Equal-Weight on Carlyle Group, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Brown maintains an Equal-Weight rating on Carlyle Group (NASDAQ:CG) and raises the price target from $42 to $48.
October 09, 2024 | 3:36 pm
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Wells Fargo has maintained its Equal-Weight rating on Carlyle Group but increased the price target from $42 to $48, indicating a positive outlook.
The increase in price target from $42 to $48 by Wells Fargo suggests a positive outlook for Carlyle Group, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target price is a bullish signal.
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