Mesoblast Limited shares are trading higher after the company reported better-than-expected FY23 EPS results. Additionally, Jefferies upgraded the stock from Hold to Buy.
Portfolio Pulse from Benzinga Newsdesk
Mesoblast Limited reported better-than-expected FY23 EPS results, leading to a rise in its share prices. The stock was also upgraded from Hold to Buy by Jefferies.
August 31, 2023 | 2:31 pm
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POSITIVE IMPACT
Mesoblast's better-than-expected FY23 EPS results and Jefferies' upgrade of the stock from Hold to Buy have positively impacted the company's share prices.
The company's better-than-expected earnings per share (EPS) for FY23 indicate strong financial performance, which is a positive signal to investors. Additionally, the upgrade from Jefferies, a reputable financial services company, further boosts investor confidence in the stock, leading to an increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100