Jefferies Upgrades ACM Research to Buy, Raises Price Target to $23.4
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Nick Cheng has upgraded ACM Research (NASDAQ:ACMR) from Underperform to Buy and raised the price target from $9 to $23.4.
July 03, 2023 | 8:29 am
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ACM Research has been upgraded to Buy from Underperform by Jefferies, with a raised price target of $23.4.
The upgrade from Underperform to Buy indicates a positive change in the analyst's outlook for ACM Research. The significant increase in the price target from $9 to $23.4 suggests that the analyst expects the stock to perform well in the short term. This could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100