Compass Point Upgrades NewLake Capital Partners to Buy, Announces $18.25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Merrill Ross upgrades NewLake Capital Partners (NLCP) from Neutral to Buy and sets a price target of $18.25.
March 14, 2024 | 12:30 pm
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NewLake Capital Partners was upgraded from Neutral to Buy by Compass Point analyst Merrill Ross, with a new price target of $18.25.
Upgrades by analysts, especially from Neutral to Buy, typically signal a positive outlook on the stock, suggesting potential upside. The new price target of $18.25 indicates a specific expectation for stock price increase, which can positively influence investor sentiment and potentially drive the stock price up in the short term.
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