B. Riley Securities Upgrades Novavax to Buy, Announces $15 Price Target
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities has upgraded Novavax from Neutral to Buy and set a price target of $15. The upgrade is expected to have a positive impact on Novavax's stock price.

August 09, 2023 | 12:17 pm
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POSITIVE IMPACT
Novavax has been upgraded from Neutral to Buy by B. Riley Securities, with a new price target of $15. This is likely to positively impact the stock's price.
Analyst upgrades typically have a positive impact on a company's stock price as they indicate increased confidence in the company's performance. In this case, B. Riley Securities' upgrade of Novavax from Neutral to Buy, along with a price target of $15, suggests they believe the stock is undervalued and has potential for growth. This is likely to attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100