Truist Securities Upgrades Vericel to Buy, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Samuel Brodovsky has upgraded Vericel (NASDAQ:VCEL) from Hold to Buy and increased the price target from $39 to $51.
January 25, 2024 | 11:30 am
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POSITIVE IMPACT
Vericel's stock rating has been upgraded by Truist Securities from Hold to Buy, with a raised price target from $39 to $51, indicating a positive outlook on the stock.
The upgrade from Hold to Buy by a reputable analyst typically signals confidence in the company's future performance and is often followed by increased investor interest. The substantial raise in the price target further suggests a strong bullish stance on the stock, which could lead to a short-term price increase as the market reacts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100