Movado shares are trading higher after Benchmark initiated coverage on the stock with a Buy rating and $41 price target.
Portfolio Pulse from Benzinga Newsdesk
Benchmark has initiated coverage on Movado with a Buy rating and a price target of $41. This has led to an increase in Movado's share price.
September 29, 2023 | 2:32 pm
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Movado's stock is trading higher after Benchmark initiated coverage with a Buy rating and a $41 price target.
The initiation of coverage by Benchmark with a Buy rating and a price target of $41 indicates a positive outlook for Movado. This has led to an increase in the stock's price, suggesting that the market has responded positively to the news. Therefore, in the short term, Movado's stock price is likely to go up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100