B. Riley Securities Initiates Coverage On Traeger with Buy Rating, Announces Price Target of $3.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Anna Glaessgen has initiated coverage on Traeger, Inc. (NYSE:COOK) with a Buy rating and set a price target of $3.5 for the company's stock.
December 12, 2023 | 1:24 pm
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Traeger, Inc. received a Buy rating from B. Riley Securities with a price target of $3.5, indicating a positive outlook for the stock.
The initiation of coverage by B. Riley Securities with a Buy rating typically suggests a positive sentiment towards the stock, which can lead to increased investor interest and potentially a rise in the stock price in the short term. The announcement of a price target provides a specific goal that may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100