MoonLake Immunotherapeutics shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and $72 price target.
Portfolio Pulse from Benzinga Newsdesk
MoonLake Immunotherapeutics' stock is trading higher following Citigroup's initiation of coverage with a Buy rating and a $72 price target.
December 08, 2023 | 3:50 pm
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Citigroup initiated coverage on MoonLake Immunotherapeutics with a Buy rating and a $72 price target, leading to an increase in the stock's trading price.
Analyst ratings, especially from prominent financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. The Buy rating and ambitious price target suggest a strong positive outlook for MLTX, which is likely to attract investors and boost the stock price in the short term.
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