TD Cowen Upgrades Covenant Logistics Gr to Outperform, Raises Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Seidl upgraded Covenant Logistics Gr (NASDAQ:CVLG) from Market Perform to Outperform and increased the price target from $51 to $66.
January 25, 2024 | 11:20 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Covenant Logistics Gr was upgraded by TD Cowen from Market Perform to Outperform with a raised price target from $51 to $66, indicating a positive outlook on the stock.
Upgrades by analysts, especially with a significant increase in price target, typically lead to positive investor sentiment and can result in a short-term increase in stock price. The upgrade from Market Perform to Outperform suggests that the analyst sees better performance in the company's future, which may encourage investors to buy shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100