Hawaiian Electric shares slide more on Maui wildfires
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Hawaiian Electric Industries (HE) downside risk remains despite Wells Fargo upgrade
August 18, 2023 11:31 AM EDTWells Fargo upgraded Hawaiian Electric Industries (NYSE: HE) to Equal Weight from Underweight on Friday, lowering the stock price target to $8 from $25 per share.
Analyst Jonathan Reeder told investors in a note that despite the upgrade, more downside risk remains.
"Credible... More
