Stifel Upgrades Alector to Buy, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Paul Matteis has upgraded Alector (NASDAQ:ALEC) from Hold to Buy and increased the price target from $8 to $15, indicating a more positive outlook on the company's stock.
December 14, 2023 | 10:02 am
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Alector's stock has been upgraded by Stifel from Hold to Buy, with the price target raised significantly from $8 to $15, suggesting a bullish view on the stock's future performance.
The upgrade from Hold to Buy by a Stifel analyst is a strong positive signal to the market, often leading to increased investor confidence and potential short-term price appreciation. The substantial increase in the price target further underscores the analyst's conviction in Alector's potential, which may influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100