Wells Fargo Maintains Overweight on NEXTracker, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Praneeth Satish maintains an Overweight rating on NEXTracker but lowers the price target from $64 to $58.
October 29, 2024 | 2:22 pm
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NEGATIVE IMPACT
Wells Fargo has maintained its Overweight rating on NEXTracker but has lowered the price target from $64 to $58, indicating a more cautious outlook.
The lowering of the price target from $64 to $58 by Wells Fargo suggests a more cautious outlook on NEXTracker's future performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100