CCC Intelligent Solutions shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and announced a $14 price target.
Portfolio Pulse from Benzinga Newsdesk
CCC Intelligent Solutions shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and announced a $14 price target.
May 23, 2023 | 12:13 pm
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POSITIVE IMPACT
Evercore ISI Group upgraded CCC Intelligent Solutions from In-Line to Outperform and set a $14 price target, causing the stock to trade higher.
The stock upgrade from Evercore ISI Group is a positive signal for investors, indicating that the firm believes CCCS has strong potential for growth. The $14 price target suggests a higher valuation than the current market price, which could lead to increased buying pressure and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100