Truist Securities Maintains Buy on Penumbra, Raises Price Target to $265
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst David Rescott has reaffirmed a Buy rating on Penumbra (NYSE:PEN) and increased the price target from $240 to $265, indicating a positive outlook on the company's stock.
December 12, 2023 | 3:26 pm
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Truist Securities analyst David Rescott maintains a Buy rating on Penumbra and raises the price target from $240 to $265, suggesting confidence in the company's future performance.
The increase in price target by Truist Securities reflects a positive assessment of Penumbra's stock, likely due to favorable business prospects or financial performance. This can lead to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100