Alpha and Omega Semiconductor shares are trading higher after B. Riley Securities upgraded the stock from Neutral to Buy and raised its price target from $28 to $34.
Portfolio Pulse from Benzinga Newsdesk
Alpha and Omega Semiconductor (AOSL) shares are up following an upgrade from B. Riley Securities, which changed its rating from Neutral to Buy and increased the price target from $28 to $34.
January 02, 2024 | 4:11 pm
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POSITIVE IMPACT
AOSL'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 raised price target from $28 to $34.
Analyst upgrades and raised price targets are strong positive signals for investors, often leading to increased investor confidence and a rise in stock price. The upgrade from a reputable firm like B. Riley Securities suggests a favorable outlook for AOSL, which can lead to short term price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100