TD Cowen Initiates Coverage On Addus HomeCare with Outperform Rating, Announces Price Target of $105
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Ryan Langston has initiated coverage on Addus HomeCare (NASDAQ:ADUS) with an Outperform rating and set a price target of $105 for the company's stock.
December 12, 2023 | 1:34 pm
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Addus HomeCare received an Outperform rating from TD Cowen with a price target of $105, indicating a positive outlook from the analyst.
The initiation of coverage by TD Cowen with an Outperform 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 that is presumably higher than the current trading price can further bolster investor confidence and drive short-term price movement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100