SkyWest shares are trading higher after Raymond James raised its price target on the stock from $55 to $65.
Portfolio Pulse from Benzinga Newsdesk
SkyWest's stock price increased following an upgrade by Raymond James, which raised its price target from $55 to $65.
February 02, 2024 | 4:38 pm
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POSITIVE IMPACT
SkyWest's stock price is likely to experience a short-term increase following the raised price target from $55 to $65 by Raymond James.
Price target upgrades by reputable financial institutions like Raymond James typically lead to a positive investor sentiment and a short-term increase in stock price. Given the significant raise from $55 to $65, this indicates a strong confidence in SkyWest's performance and potential, likely influencing investors to buy or hold, thus driving up the price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100