Jefferies Maintains Buy on Graco, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Saree Boroditsky has maintained a Buy rating on Graco Inc. (NYSE:GGG) and increased the price target from $90 to $100, indicating a positive outlook on the company's stock.
January 11, 2024 | 8:03 pm
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Jefferies analyst Saree Boroditsky reaffirmed a Buy rating on Graco and raised the price target to $100, signaling confidence in the company's future performance.
The increase in price target by a reputable analyst typically indicates a strong conviction in the company's potential for stock price appreciation. This can often lead to increased investor confidence and a positive short-term impact on the stock price.
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IMPORTANCE 85
RELEVANCE 100