Barclays Maintains Equal-Weight on Revvity, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Luke Sergott has maintained an Equal-Weight rating on Revvity (NYSE:RVTY) and increased the price target from $92 to $105.
January 25, 2024 | 2:54 pm
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POSITIVE IMPACT
Barclays has maintained an Equal-Weight rating on Revvity and raised the price target to $105, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive reassessment of Revvity's value, suggesting that the stock may have room to grow. As price targets can influence investor sentiment and stock prices, this revision is likely to be viewed positively by the market, potentially leading to a short-term increase in Revvity's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100