Wells Fargo upgraded Amwell (AMWL) to Overweight from Equal Weight with a $15 price target The firm says valuation buffer is sufficient to move off the sidelines. Wells thinks DHA plus cost cuts, divestitures and a new CFO are likely to positively re-rate Amwell in 2025.
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Read More on AMWL:
- Amwell reiterates FY24 revenue view of $247M-$252M, consensus $249.88M
- Amwell divests virtual psychiatric care business for $21M and added earn-out
- Amwell Expands CFO Role Amid Leadership Transition
- Amwell COO Kurt Knight, chief commercial growth officer Kathy Weiler to depart
- Amwell price target lowered to $10.50 from $20 at Morgan Stanley