PluteGroup shares are trading higher after Goldman Sachs maintained a Neutral rating on the stock and raised its price target from $80 to $91.
Portfolio Pulse from Benzinga Newsdesk
PluteGroup's stock (PHM) is trading higher following Goldman Sachs' decision to maintain a Neutral rating while increasing the price target from $80 to $91.
December 14, 2023 | 3:39 pm
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POSITIVE IMPACT
Goldman Sachs maintained a Neutral rating on PluteGroup but raised the price target from $80 to $91, which has led to an increase in the stock's trading price.
The increase in price target by a reputable investment bank like Goldman Sachs typically signals a positive outlook on the stock's value, which can lead to increased investor confidence and a rise in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100