Wells Fargo Downgrades Amer Sports to Equal-Weight, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded Amer Sports from Overweight to Equal-Weight while raising the price target from $17 to $19.
October 14, 2024 | 1:33 pm
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NEUTRAL IMPACT
Wells Fargo has downgraded Amer Sports from Overweight to Equal-Weight, indicating a more neutral stance on the stock. However, the price target has been raised from $17 to $19, suggesting some positive outlook.
The downgrade from Overweight to Equal-Weight suggests a less bullish view from Wells Fargo, which could lead to a neutral impact on the stock price. However, the raised price target to $19 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100