Archer Aviation shares are trading higher after Canaccord Genuity initiated coverage on the stock with a Buy rating and announced a $9 price target.
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation shares are trading higher after Canaccord Genuity initiated coverage on the stock with a Buy rating and announced a $9 price target.
June 09, 2023 | 2:10 pm
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Archer Aviation's stock price is trading higher after Canaccord Genuity initiated coverage with a Buy rating and a $9 price target.
Canaccord Genuity, a well-known financial services firm, initiated coverage on Archer Aviation with a Buy rating and a $9 price target. This positive rating from a reputable firm is likely to boost investor confidence in the stock, leading to a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100