Cabaletta Bio shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and $22 price target.
Portfolio Pulse from Benzinga Newsdesk
Citigroup has initiated coverage on Cabaletta Bio with a Buy rating and a price target of $22. This has led to an increase in the trading of Cabaletta Bio shares.
September 05, 2023 | 5:01 pm
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Cabaletta Bio's stock is trading higher after Citigroup initiated coverage with a Buy rating and a $22 price target.
The initiation of coverage by Citigroup, a major financial institution, with a Buy rating indicates a positive outlook for Cabaletta Bio. This has led to increased trading of the company's shares, indicating investor confidence in the stock. The price target of $22 also suggests potential upside, further boosting the stock's appeal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100