Scholar Rock shares are trading higher after Jefferies upgraded the stock from Hold to Buy and announced a $20 price target.
Portfolio Pulse from Benzinga Newsdesk
Jefferies has upgraded Scholar Rock's stock from Hold to Buy and set a price target of $20. This has resulted in Scholar Rock's shares trading higher.
October 25, 2023 | 6:03 pm
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Scholar Rock's stock has been upgraded by Jefferies from Hold to Buy, with a price target of $20. This has led to an increase in the trading price of the shares.
The upgrade from Jefferies is a positive signal for Scholar Rock's stock. The new Buy rating and the $20 price target suggest that Jefferies sees potential for the stock's price to increase, which has likely contributed to the higher trading price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100