Raymond James Reiterates Outperform on Velocity Financial, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Stephen Laws has reiterated an Outperform rating on Velocity Financial (NYSE:VEL) and increased the price target from $17.5 to $20.

March 15, 2024 | 4:17 pm
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Raymond James has reiterated an Outperform rating on Velocity Financial and raised the price target from $17.5 to $20.
The reiteration of the Outperform rating and the increase in price target by Raymond James are strong positive signals for investors, indicating a bullish outlook on Velocity Financial's stock. This is likely to instill confidence among investors and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100