Wells Fargo Maintains Equal-Weight on Root, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan has maintained an Equal-Weight rating on Root (NASDAQ:ROOT) but has lowered the price target from $71 to $64.
October 10, 2024 | 3:19 pm
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Wells Fargo has maintained its Equal-Weight rating on Root but reduced the price target from $71 to $64, indicating a less optimistic outlook.
The reduction in the price target from $71 to $64 by Wells Fargo suggests a less optimistic view on Root's future performance, which could negatively impact investor sentiment and the stock price in the short term.
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