B of A Securities Initiates Coverage On Knife River Holding with Buy Rating, Announces Price Target of $81
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Sherif El-Sabbahy has initiated coverage on Knife River Holding (NYSE:KNF) with a Buy rating and set a price target of $81.
January 05, 2024 | 3:46 pm
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Knife River Holding has been initiated with a Buy rating and a price target of $81 by B of A Securities analyst Sherif El-Sabbahy.
The initiation of coverage by B of A Securities with a Buy rating typically indicates a positive outlook on the stock, suggesting that the analyst believes it will perform well in the near term. The announcement of a price target of $81, which is presumably higher than the current trading price, further supports the potential for stock price appreciation. Investors often view analyst ratings as significant indicators of a stock's future performance, which can lead to increased investor interest and buying pressure in the short term.
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