B. Riley Securities Upgrades Priority Tech Holdings to Buy, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Hal Goetsch has upgraded Priority Tech Holdings (PRTH) from Neutral to Buy and increased the price target from $5 to $10.
December 15, 2023 | 10:38 am
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POSITIVE IMPACT
Priority Tech Holdings was upgraded by B. Riley Securities from Neutral to Buy with a price target raised to $10, indicating a positive outlook on the stock.
Upgrades by analysts, especially when accompanied by a significant price target increase, tend to have a positive short-term impact on a stock's price as they suggest a stronger confidence in the company's future performance and potential undervaluation at current levels.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100