Needham Reiterates Buy on Merus, Maintains $45 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia has reiterated a 'Buy' rating on Merus (NASDAQ:MRUS) and maintained a price target of $45.
September 14, 2023 | 10:04 am
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Needham analyst Ami Fadia has reiterated a 'Buy' rating on Merus, maintaining a price target of $45. This could potentially boost investor confidence in the stock.
Analyst ratings often influence investor sentiment. A reiterated 'Buy' rating indicates that the analyst continues to have confidence in the company's prospects. The maintained price target of $45 suggests that the analyst believes the stock is undervalued at current levels, which could encourage buying activity.
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