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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100