B of A Securities Upgrades Enact Holdings to Buy, Announces $30 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Mihir Bhatia has upgraded Enact Holdings (NASDAQ:ACT) from Neutral to Buy and set a price target of $30. This upgrade suggests a positive outlook for Enact Holdings' stock.
November 13, 2023 | 10:36 am
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Enact Holdings has been upgraded by B of A Securities from Neutral to Buy with a new price target of $30, indicating a potential upside for the stock.
Upgrades by analysts, especially from neutral to buy, typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential of the company. The announcement of a $30 price target further implies that the analyst sees significant upside from the current trading price, which can influence investor sentiment and drive the stock price up.
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