Truist Securities Maintains Buy on Penumbra, Raises Price Target to $295
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst David Rescott has reaffirmed a Buy rating on Penumbra (NYSE:PEN) and increased the price target from $265 to $295. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from the previous target.
December 22, 2023 | 3:04 pm
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Truist Securities analyst David Rescott has maintained a Buy rating on Penumbra and raised the price target from $265 to $295, indicating a bullish outlook on the stock.
The increase in price target by Truist Securities is a strong signal of confidence in Penumbra's future performance. Such analyst upgrades often lead to positive investor sentiment and can result in a short-term increase in stock price as the market adjusts to the new information.
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IMPORTANCE 85
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