Compass Point Initiates Coverage On Gannett Co with Buy Rating, Announces Price Target of $5
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Giuliano Bologna has initiated coverage on Gannett Co (NYSE:GCI) with a Buy rating and set a price target of $5.
December 12, 2023 | 1:29 pm
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Compass Point initiated coverage on Gannett Co with a Buy rating and a price target of $5, indicating a positive outlook for the stock.
Analyst ratings, especially initiations of coverage with a Buy rating, can have a significant positive impact on a stock's price in the short term as they often lead to increased investor interest and perceived validation of the company's prospects. The price target of $5 suggests a potential upside from the current trading price, assuming the stock is trading below this target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100