Jefferies Initiates Coverage On Pricesmart with Buy Rating, Announces Price Target of $82
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Pedro Baptista has initiated coverage on Pricesmart (NASDAQ:PSMT) with a Buy rating and set a price target of $82.
December 01, 2023 | 1:50 pm
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Jefferies analyst Pedro Baptista initiated coverage on Pricesmart with a Buy rating and a price target of $82, which could positively influence the stock's performance.
Analyst ratings, especially from reputable firms like Jefferies, can significantly impact stock prices in the short term. A Buy rating combined with a price target that suggests upside potential from the current market price is likely to be viewed positively by investors, potentially leading to an increase in the stock price.
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