UBS Upgrades Futu Hldgs to Buy, Announces $67 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Charles Zhou has upgraded Futu Holdings (NASDAQ:FUTU) from Neutral to Buy and set a price target of $67.

January 05, 2024 | 10:44 am
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UBS analyst Charles Zhou upgraded Futu Holdings to Buy from Neutral and set a price target of $67.
Analyst upgrades typically lead to a positive short-term reaction in the stock price as they suggest improved fundamentals or better future prospects. The new price target of $67 implies a significant upside from the current trading level, which can attract investor interest and potentially drive the stock price up in the short term.
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