89bio shares are trading higher after UBS initiated coverage on the stock with a Buy rating and announced a $36 price target.
Portfolio Pulse from Benzinga Newsdesk
UBS has initiated coverage on 89bio with a Buy rating and a price target of $36. This has led to an increase in the trading of 89bio shares.
August 28, 2023 | 2:09 pm
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POSITIVE IMPACT
89bio's stock, symbolized as ETNB, is expected to see increased trading and potentially higher prices due to UBS's Buy rating and $36 price target.
UBS's initiation of coverage on 89bio with a Buy rating and a price target of $36 is a strong positive signal for investors. This is likely to increase demand for the stock, leading to higher trading volumes and potentially higher prices in the short term.
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IMPORTANCE 80
RELEVANCE 100