Stagwell shares are trading higher after Goldman Sachs initiated coverage on the stock with a Buy rating and announced a $12 price target.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has initiated coverage on Stagwell with a Buy rating and a price target of $12. This has led to an increase in Stagwell's stock price.
July 17, 2023 | 2:27 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Stagwell's stock price is trading higher after Goldman Sachs initiated coverage with a Buy rating and a $12 price target.
The initiation of coverage by a major investment bank like Goldman Sachs often leads to increased investor interest and can drive up the stock price. The Buy rating and the $12 price target suggest that Goldman Sachs sees potential for growth in Stagwell's stock, which is likely to have a positive impact on its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100