Cantor Fitzgerald Initiates Coverage On Capricor Therapeutics with Overweight Rating, Announces Price Target of $8
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Kristen Kluska has initiated coverage on Capricor Therapeutics (NASDAQ:CAPR) with an Overweight rating and set a price target of $8.
January 05, 2024 | 3:32 pm
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POSITIVE IMPACT
Cantor Fitzgerald initiated coverage on Capricor Therapeutics with an Overweight rating and a price target of $8, which could positively influence the stock's performance.
Analyst ratings, especially from reputable firms like Cantor Fitzgerald, can significantly impact a stock's short-term performance. An Overweight rating suggests that the analyst believes the stock has a better value proposition relative to the market or its sector. The announcement of an $8 price target represents a positive outlook for Capricor Therapeutics, which could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100