Ardelyx shares are trading higher after Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $5 to $10.
Portfolio Pulse from Benzinga Newsdesk
Ardelyx's stock has been upgraded from Neutral to Overweight by Cantor Fitzgerald, which also raised its price target from $5 to $10. This has resulted in Ardelyx shares trading higher.
August 25, 2023 | 2:18 pm
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Ardelyx's stock has been upgraded by Cantor Fitzgerald, leading to a rise in its share price. The price target has also been raised from $5 to $10.
The upgrade from Neutral to Overweight by Cantor Fitzgerald indicates a positive outlook for Ardelyx's stock. This, coupled with the raised price target, has led to an increase in the trading price of Ardelyx shares. This is likely to have a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100