Wells Fargo Maintains Underweight on TriplePoint Venture Gwth, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Finian O'Shea has maintained an Underweight rating on TriplePoint Venture Growth (NYSE:TPVG) and lowered the price target from $8 to $6.5.
October 29, 2024 | 2:38 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Underweight rating on TPVG and reduced its price target from $8 to $6.5, indicating a bearish outlook.
The Underweight rating suggests that Wells Fargo expects TPVG to underperform relative to other stocks. The lowered price target from $8 to $6.5 indicates a negative outlook on the stock's future performance, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100