Truist Securities Initiates Coverage On Cargo Therapeutics with Buy Rating, Announces Price Target of $34
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Asthika Goonewardene has initiated coverage on Cargo Therapeutics (NASDAQ:CRGX) with a Buy rating and set a price target of $34.
December 05, 2023 | 2:07 pm
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Truist Securities has initiated coverage on Cargo Therapeutics with a Buy rating and a price target of $34, which could positively influence the stock's performance.
Analyst ratings, especially from reputable firms like Truist Securities, can significantly impact a stock's short-term performance. A Buy rating combined with a price target that suggests substantial upside from the current trading price is likely to be viewed positively by investors, potentially driving up the stock price.
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