Priority Tech shares are trading higher after B. Riley Securities upgraded the stock from Neutral to Buy an raised its price target from $5 to $10.
Portfolio Pulse from Benzinga Newsdesk
Priority Tech shares have risen following an upgrade from B. Riley Securities, which changed its rating from Neutral to Buy and increased the price target from $5 to $10.
December 15, 2023 | 1:53 pm
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POSITIVE IMPACT
Priority Tech's stock is likely to experience a positive short term impact due to the upgrade from B. Riley Securities from Neutral to Buy and a price target increase from $5 to $10.
Analyst upgrades and revised price targets are strong indicators that can influence investor sentiment and stock prices in the short term. The doubling of the price target and upgrade to Buy suggest a significant positive reassessment of Priority Tech's prospects, which is likely to boost investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100