B. Riley Securities Initiates Coverage On Tango Therapeutics with Buy Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Yuan Zhi has initiated coverage on Tango Therapeutics (NASDAQ:TNGX) with a Buy rating and set a price target of $16.
December 08, 2023 | 11:10 am
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POSITIVE IMPACT
Tango Therapeutics receives a Buy rating from B. Riley Securities with a price target of $16, indicating a positive outlook from the analyst.
The initiation of coverage by B. Riley Securities with a Buy rating and a price target that is potentially higher than the current trading price can be seen as a strong positive endorsement for Tango Therapeutics. This could lead to increased investor interest and a potential short-term rise in the stock price, assuming market conditions do not change significantly.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100