Caribou Biosciences shares are trading higher after Truist Securities initiated coverage on the stock with a Buy rating and a $23 price target.
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has initiated coverage on Caribou Biosciences with a Buy rating and a $23 price target, leading to a rise in the company's stock.
July 11, 2023 | 7:38 pm
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Caribou Biosciences' stock is trading higher after Truist Securities initiated coverage with a Buy rating and a $23 price target.
The initiation of coverage by Truist Securities with a Buy rating and a $23 price target is a positive signal for investors, which has led to an increase in the stock price of Caribou Biosciences. This suggests a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100