ESAB shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $61 to $89.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities has upgraded ESAB's stock from Neutral to Buy and increased its price target from $61 to $89. This has resulted in ESAB shares trading higher.
September 18, 2023 | 2:07 pm
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ESAB's stock has been upgraded by B of A Securities from Neutral to Buy, with a raised price target from $61 to $89. This has led to an increase in ESAB's share trading.
The upgrade of ESAB's stock from Neutral to Buy by B of A Securities indicates a positive outlook for the company. The raised price target from $61 to $89 further strengthens this positive sentiment, leading to an increase in ESAB's share trading. This is likely to have a positive impact on ESAB's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100