Wells Fargo analyst Zachary Fadem raised the firm’s price target on National Vision (EYE) to $25 from $22 and keeps an Equal Weight rating on the shares. The firm acknowledges that relief makes sense post National Vision’s Q4 beat, with sequentially improving trends, seemingly achievable 2024 expectations and a path to positive mid-single-digit EBIT percentage by 2025. While execution risk remains post-Walmart (WMT), Wells sees fewer holes to poke.
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- National Vision price target raised to $22 from $20 at Wells Fargo
