Goldman Sachs Initiates Coverage On Stagwell with Buy Rating, Announces Price Target of $12
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Brett Feldman has initiated coverage on Stagwell (NASDAQ:STGW) with a Buy rating and a price target of $12.
July 17, 2023 | 8:45 am
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Goldman Sachs has initiated coverage on Stagwell with a Buy rating and a price target of $12, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, Goldman Sachs, a highly reputable financial institution, has given Stagwell a Buy rating and set a price target of $12. This suggests that they believe the stock is undervalued at its current price and has the potential to reach or exceed $12. This positive outlook could attract more investors to the stock, driving up its price in the short term.
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IMPORTANCE 80
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