Wells Fargo Maintains Equal-Weight on New Mountain Finance, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has maintained an Equal-Weight rating on New Mountain Finance (NASDAQ:NMFC) but has lowered the price target from $12 to $11.
October 29, 2024 | 2:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on New Mountain Finance but reduced the price target from $12 to $11, indicating a more cautious outlook.
The lowering of the price target by Wells Fargo suggests a more cautious outlook on NMFC's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100