New Street Research Initiates Coverage On VEON with Buy Rating, Announces Price Target of $35
Portfolio Pulse from Benzinga Newsdesk
New Street Research analyst Chris Hoare has initiated coverage on VEON Ltd. (NASDAQ:VEON) with a Buy rating and set a price target of $35.
December 29, 2023 | 6:28 pm
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POSITIVE IMPACT
New Street Research analyst Chris Hoare has given VEON a Buy rating with a price target of $35, indicating a positive outlook for the stock.
The initiation of coverage by New Street Research with a Buy rating and a price target significantly higher than the current trading price is likely to be viewed positively by investors and could lead to a short-term increase in the stock price of VEON. The confidence level is not at the maximum because market conditions and other unforeseen factors could affect the stock's performance despite the analyst's recommendation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100