Leerink Partners Initiates Coverage On Hims & Hers Health with Market Perform Rating, Announces Price Target of $10
Portfolio Pulse from Benzinga Newsdesk
Leerink Partners analyst Michael Cherny initiates coverage on Hims & Hers Health (HIMS) with a Market Perform rating and a price target of $10.

February 26, 2024 | 1:43 pm
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NEUTRAL IMPACT
Leerink Partners initiated coverage on Hims & Hers Health with a Market Perform rating and a price target of $10.
The initiation of coverage by Leerink Partners with a Market Perform rating and a price target of $10 suggests a neutral outlook on Hims & Hers Health's stock in the short term. This analysis is based on the information provided by the analyst and does not indicate a strong bullish or bearish trend, hence the neutral score. The relevance is high as the news directly pertains to HIMS, and the importance is significant for investors considering the impact of analyst ratings on stock performance. The confidence level is set at 85, reflecting the clear and direct impact of analyst coverage on investor perceptions, though it's not at the maximum due to the inherent uncertainties in market reactions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90