Canaccord Genuity Upgrades Vertical Aerospace to Buy, Raises Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Austin Moeller upgraded Vertical Aerospace (NYSE:EVTL) from Hold to Buy and increased the price target from $1 to $1.5.
February 20, 2024 | 7:38 pm
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Canaccord Genuity upgraded Vertical Aerospace to Buy from Hold and raised the price target to $1.5.
Upgrades by analysts, especially from Hold to Buy, typically signal a positive outlook on the stock, suggesting potential upside. The increase in price target further supports this positive sentiment, indicating an expectation of higher future stock prices. This can lead to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100