Citigroup Initiates Coverage On MoonLake with Buy Rating, Announces Price Target of $72
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Samantha Semenkow has initiated coverage on MoonLake (NASDAQ:MLTX) with a Buy rating and set a price target of $72.
December 08, 2023 | 12:47 pm
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Citigroup has initiated coverage on MoonLake with a Buy rating and a price target of $72, indicating a positive outlook for the stock.
Analyst ratings, especially from major financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. A Buy rating combined with a high price target suggests Citigroup's analysts expect MoonLake's stock to perform well, which could lead to increased investor interest and a potential rise in the stock price in the short term.
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