Wolfe Research Initiates Coverage On Pacific Biosciences with Peer Perform Rating
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Doug Schenkel has initiated coverage on Pacific Biosciences (NASDAQ:PACB) with a Peer Perform rating, indicating a neutral outlook on the company's stock performance relative to its peers.

December 13, 2023 | 10:23 am
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NEUTRAL IMPACT
Pacific Biosciences receives a Peer Perform rating from Wolfe Research, suggesting a neutral stance on the stock's short-term performance.
The initiation of coverage by Wolfe Research with a Peer Perform rating typically suggests that the analyst believes Pacific Biosciences' stock will perform in line with its industry peers. This neutral rating may not significantly impact the stock price in the short term as it neither predicts outperformance nor underperformance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100