HC Wainwright & Co. Maintains Buy on Vericel, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Swayampakula Ramakanth has reaffirmed a Buy rating on Vericel (NASDAQ:VCEL) and increased the price target from $44.5 to $46.
January 16, 2024 | 12:20 pm
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POSITIVE IMPACT
Vericel's stock may see a positive impact in the short term due to the maintained Buy rating and raised price target from $44.5 to $46 by HC Wainwright & Co.
Analyst ratings and price target adjustments are significant indicators for investors, often influencing stock prices. The increase in Vericel's price target by a reputable analyst firm like HC Wainwright & Co. suggests a bullish outlook on the stock, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100