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TaskUs downgraded to Underweight from Equal Weight at Wells Fargo
The Fly

TaskUs downgraded to Underweight from Equal Weight at Wells Fargo

Wells Fargo analyst Jeff Cantwell downgraded TaskUs to Underweight from Equal Weight with a price target of $17, down from $18. The analyst thinks 2023 will be more challenging fundamentally for his coverage versus 2022. Though he expects a challenging market environment in the first half of the year, Cantwell thinks slowing inflation plus a Fed pivot will drive "risk-on" sentiment in the space by the second half.

Published first on TheFly

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