Wells Fargo Maintains Equal-Weight on CION Invt, Lowers Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has maintained an Equal-Weight rating on CION Investment Corporation (NYSE:CION) but has lowered the price target from $12 to $11.5.
October 29, 2024 | 2:27 pm
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Wells Fargo has maintained its Equal-Weight rating on CION Investment Corporation but has reduced the price target from $12 to $11.5, indicating a slightly less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on CION's future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target is a bearish signal.
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IMPORTANCE 80
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