Citigroup Initiates Coverage On Establishment Labs Hldgs with Buy Rating, Announces Price Target of $79
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Joanne Wuensch has initiated coverage on Establishment Labs Holdings (NASDAQ:ESTA) with a Buy rating and a price target of $79.

June 29, 2023 | 9:46 am
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Citigroup has initiated coverage on Establishment Labs Holdings with a Buy rating and a price target of $79, which could positively impact the company's stock.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, Citigroup, a major financial institution, has initiated coverage on Establishment Labs Holdings with a Buy rating and a price target of $79. This suggests that they believe the company's stock is undervalued at its current price and has the potential to reach $79. This positive outlook could encourage investors to buy the stock, potentially driving up its price in the short term.
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