Deutsche Bank Upgrades HUTCHMED (China) to Buy, Raises Price Target to $22.1
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Cyrus Ng has upgraded HUTCHMED (China) from Hold to Buy and increased the price target from $20 to $22.1.
November 24, 2023 | 10:08 am
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HUTCHMED (China) has been upgraded by Deutsche Bank from Hold to Buy, with a raised price target from $20 to $22.1, indicating a positive outlook on the stock.
Upgrades by major banks often lead to a positive short-term reaction in the stock price as they suggest improved fundamentals or future prospects. The increase in price target further reinforces the positive sentiment.
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