Bumble price target raised to $7 from $5 at Wells Fargo

Wells Fargo raised the firm’s price target on Bumble (BMBL) to $7 from $5 and keeps an Equal Weight rating on the shares. The company’s positive preannouncement does not change the firm’s view on the shares, and Wells sees continued headwinds from industry pressure and proactive clean-up of the Bumble platform, the analyst tells investors in a research note.