Root shares are trading higher after Wells Fargo maintained a Buy rating on the stock and raised its price target from $64 to $78.
Portfolio Pulse from Benzinga Newsdesk
Root shares surged as Wells Fargo maintained a Buy rating and increased its price target from $64 to $78.
November 01, 2024 | 7:58 pm
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Root shares are trading higher following Wells Fargo's decision to maintain a Buy rating and raise the price target from $64 to $78.
The increase in price target and maintained Buy rating by a major financial institution like Wells Fargo is a strong positive signal for investors, likely leading to increased buying interest and a rise in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100