Keefe, Bruyette & Woods Reinstates Outperform on Perella Weinberg, Announces $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Brown has reinstated coverage on Perella Weinberg (NASDAQ:PWP) with an Outperform rating and set a price target of $16.
January 29, 2024 | 11:18 am
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POSITIVE IMPACT
Perella Weinberg has been reinstated with an Outperform rating by Keefe, Bruyette & Woods, with a price target of $16, suggesting a positive outlook for the stock.
The reinstatement of coverage with an Outperform rating and a price target that is potentially higher than the current trading price can be a strong positive signal to investors, indicating a bullish outlook from the analyst. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100