Jefferies Initiates Coverage On Allurion Technologies with Buy Rating, Announces Price Target of $5
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Matthew Taylor initiates coverage on Allurion Technologies (NYSE:ALUR) with a Buy rating and a price target of $5.
February 09, 2024 | 11:03 am
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Jefferies has initiated coverage on Allurion Technologies with a Buy rating and set a price target of $5.
Analyst ratings, especially from reputable firms like Jefferies, can significantly influence investor sentiment and stock prices in the short term. A Buy rating combined with a specific price target provides a positive outlook for the stock, likely leading to increased investor interest and potentially a rise in stock price to meet the target.
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