IQIYI shares are trading higher after Macquarie upgraded the stock from Underperform to Neutral and announced a $5.12 price target.
Portfolio Pulse from Benzinga Newsdesk
Shares of IQIYI are trading higher following an upgrade from Macquarie, which changed its rating from Underperform to Neutral and set a price target of $5.12.
July 27, 2023 | 4:25 pm
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IQIYI's stock is trading higher after Macquarie upgraded its rating from Underperform to Neutral and set a price target of $5.12.
The upgrade from Macquarie is a positive signal for IQIYI, indicating improved confidence in the company's performance. The new price target of $5.12 also suggests potential upside for the stock, which is likely driving the increase in its trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100