Goldman Sachs Initiates Coverage On Everest Group with Buy Rating, Announces Price Target of $449
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alex Scott has initiated coverage on Everest Group (NYSE:EG) with a Buy rating and a price target of $449.
September 08, 2023 | 11:59 am
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Goldman Sachs has initiated coverage on Everest Group with a Buy rating and a price target of $449, which could positively impact the stock.
The initiation of coverage by a major investment bank like Goldman Sachs generally brings a stock into focus for many investors. The Buy rating indicates that Goldman Sachs believes the stock will outperform the market, which could lead to increased demand for the stock and potentially drive its price up. The price target of $449 also suggests that Goldman Sachs believes the stock is undervalued at its current price, which could further drive demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100