Guggenheim Initiates Coverage On Nuvalent with Buy Rating, Announces Price Target of $56
Portfolio Pulse from richadhand@benzinga.com
Guggenheim analyst Charles Zhu has initiated coverage on Nuvalent (NASDAQ:NUVL) with a Buy rating and a price target of $56.
July 24, 2023 | 1:04 pm
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Guggenheim has initiated coverage on Nuvalent with a Buy rating and a price target of $56, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, Guggenheim's Buy rating and price target of $56 for Nuvalent suggest a positive outlook for the stock, which could lead to an increase in its price in the short term.
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