JMP Securities Initiates Coverage On Gritstone Bio with Market Outperform Rating, Announces Price Target of $4
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Roy Buchanan has initiated coverage on Gritstone Bio (NASDAQ:GRTS) with a Market Outperform rating and set a price target of $4. This new coverage could influence investor sentiment and potentially impact GRTS's stock price in the short term.

February 28, 2024 | 7:46 pm
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JMP Securities has initiated coverage on Gritstone Bio with a Market Outperform rating and a price target of $4, potentially impacting its stock price positively in the short term.
Analyst ratings, especially from reputable firms like JMP Securities, can significantly influence investor sentiment and stock prices. The initiation of coverage with a Market Outperform rating and a specific price target provides a positive outlook for GRTS, suggesting potential upside based on JMP Securities' analysis. This could lead to increased investor interest and potentially drive up the stock price in the short term.
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IMPORTANCE 80
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