ACM Research shares are trading higher after Jefferies upgraded its rating from Underperform to Buy and raised the price target from $9 to $23.4.
Portfolio Pulse from Benzinga Newsdesk
ACM Research shares are trading higher after Jefferies upgraded its rating from Underperform to Buy and raised the price target from $9 to $23.4.
July 03, 2023 | 9:05 am
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POSITIVE IMPACT
ACM Research's stock price is likely to increase in the short term due to Jefferies' upgrade from Underperform to Buy and a raised price target from $9 to $23.4.
Jefferies' upgrade of ACM Research's rating to Buy and the raised price target indicates a positive outlook for the company's stock. This is likely to attract more investors, driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100