Janney Montgomery Scott Initiates Coverage On Alexander & Baldwin with Buy Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Janney Montgomery Scott analyst Robert Stevenson has initiated coverage on Alexander & Baldwin (NYSE:ALEX) with a Buy rating and set a price target of $20.
December 12, 2023 | 1:51 pm
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POSITIVE IMPACT
Alexander & Baldwin has been given a Buy rating and a $20 price target by Janney Montgomery Scott, indicating a positive outlook for the stock.
Analyst coverage, especially with a Buy rating, tends to create positive sentiment around a stock. The price target of $20 suggests a potential upside from the current trading price, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100