Stifel Upgrades Universal Logistics Hldgs to Buy, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan has upgraded Universal Logistics Holdings (ULH) from Hold to Buy and increased the price target from $35 to $36.
January 10, 2024 | 9:48 am
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POSITIVE IMPACT
Stifel analyst J. Bruce Chan upgraded Universal Logistics Holdings from Hold to Buy and raised the price target from $35 to $36, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential of the company. The increase in price target further reinforces the positive sentiment, suggesting that the stock may be undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100