Cutera shares are trading higher after the company appointed Taylor Harris as CEO, Piper Sandler upgraded the stock to Neutral from Underweight, raised price target to $18 from $14.
Portfolio Pulse from Benzinga Newsdesk
Cutera has appointed Taylor Harris as CEO, leading to a rise in the company's shares. Piper Sandler has upgraded the stock to Neutral from Underweight and raised the price target to $18 from $14.
July 27, 2023 | 5:01 pm
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POSITIVE IMPACT
Cutera's appointment of Taylor Harris as CEO and Piper Sandler's upgrade of the stock to Neutral from Underweight, along with a raised price target, has led to a rise in the company's shares.
The appointment of a new CEO often leads to increased investor confidence, as it signals potential strategic changes or improvements. Additionally, an upgrade from a reputable financial institution like Piper Sandler can also boost investor sentiment, leading to a rise in the stock price. The raised price target further indicates a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100