Barclays Maintains Underweight on FIGS, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Underweight rating on FIGS (NYSE:FIGS) and raises the price target from $5 to $7.
August 07, 2023 | 10:42 am
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Barclays maintains an Underweight rating on FIGS but raises the price target from $5 to $7.
The news directly pertains to FIGS as Barclays maintains an Underweight rating on the company. However, the price target has been raised from $5 to $7, which indicates a positive outlook. This could potentially have a neutral impact on the stock price in the short term as the negative Underweight rating is offset by the positive price target adjustment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100