DA Davidson Initiates Coverage On Marine Prods with Neutral Rating, Announces Price Target of $16
Portfolio Pulse from richadhand@benzinga.com
DA Davidson analyst Brandon Rolle initiates coverage on Marine Prods (NYSE:MPX) with a Neutral rating and announces a price target of $16.

August 23, 2023 | 8:29 am
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DA Davidson has initiated coverage on Marine Prods (MPX) with a Neutral rating and a price target of $16.
The news directly pertains to Marine Prods (MPX) as DA Davidson has initiated coverage on the company with a Neutral rating. This suggests that the analyst sees the stock as fairly valued at current levels, which could influence investor sentiment and trading behavior. The price target of $16 provides a reference point for investors, but since it's a Neutral rating, the impact on the stock price in the short term is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100