Truist Securities Maintains Hold on Vericel, Raises Price Target to $42
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Samuel Brodovsky maintains a 'Hold' rating on Vericel (NASDAQ:VCEL) and raises the price target from $36 to $42.

July 19, 2023 | 1:58 pm
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Truist Securities maintains a 'Hold' rating on Vericel and raises the price target from $36 to $42.
The news is directly related to Vericel as Truist Securities maintains a 'Hold' rating on the company and raises the price target. This suggests that the analyst sees potential in the company but also some risks, hence the 'Hold' rating. The increase in price target could lead to a positive sentiment among investors, but the impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100