Holley shares are trading higher after Canaccord Genuity maintained a Buy rating on the stock and increased its price target from $5 to $6.
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Buy rating on Holley's stock and increased its price target from $5 to $6, leading to a rise in Holley's shares.
July 06, 2023 | 2:58 pm
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POSITIVE IMPACT
Holley's stock is likely to experience a positive short-term impact due to Canaccord Genuity's maintained Buy rating and increased price target.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, Canaccord Genuity's decision to maintain a Buy rating and increase the price target for Holley's stock indicates a positive outlook for the company, which is likely to attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100