Deutsche Bank Initiates Coverage On Alector with Buy Rating, Announces Price Target of $12
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Neena Bitritto-Garg has initiated coverage on Alector (NASDAQ:ALEC) with a Buy rating and set a price target of $12.
December 12, 2023 | 9:55 am
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Alector has been given a Buy rating by Deutsche Bank with a price target of $12, indicating a positive outlook from the bank.
Analyst ratings, especially from major banks like Deutsche Bank, can significantly influence investor sentiment and stock prices. A Buy rating typically suggests that the analyst believes the stock has a good potential to rise, and setting a price target higher than the current market price can lead to increased investor interest and potentially a short-term increase in the stock price.
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