Piper Sandler Initiates Coverage On Texas Roadhouse with Overweight Rating, Announces Price Target of $126
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Brian Mullan has initiated coverage on Texas Roadhouse (NASDAQ:TXRH) with an Overweight rating and a price target of $126.
July 18, 2023 | 8:51 am
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POSITIVE IMPACT
Piper Sandler's Overweight rating and price target of $126 for Texas Roadhouse could potentially boost the company's stock in the short term.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, Piper Sandler's Overweight rating indicates that they believe Texas Roadhouse's stock will outperform the market, which could encourage investors to buy the stock and potentially drive up its price. The price target of $126, if achieved, would also represent a significant increase from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100