UBS Initiates Coverage On The Chefs' Warehouse with Buy Rating, Announces Price Target of $37
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Mark Carden has initiated coverage on The Chefs' Warehouse (NASDAQ:CHEF) with a Buy rating and a price target of $37.
September 25, 2023 | 9:46 am
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POSITIVE IMPACT
UBS has initiated coverage on The Chefs' Warehouse with a Buy rating and a price target of $37, which could positively impact the stock.
The initiation of coverage by a major financial institution like UBS generally brings a stock into focus for investors. The Buy rating indicates that UBS believes the stock will outperform the market, which could lead to increased demand for the stock and potentially drive up its price. The price target of $37 also suggests that UBS believes the stock is undervalued at its current price, which could further encourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100