NuScale Power shares are trading higher after Canaccord Genuity reiterated a Buy rating on the stock and raised its price target from $4.25 to $8.
Portfolio Pulse from Benzinga Newsdesk
NuScale Power's stock price increased following Canaccord Genuity's reiteration of a Buy rating and an increase in the price target from $4.25 to $8.
March 18, 2024 | 2:12 pm
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NuScale Power, potentially associated with the symbol SMR, saw its stock price rise after Canaccord Genuity reaffirmed a Buy rating and raised the price target from $4.25 to $8.
The reiteration of a Buy rating by a reputable financial institution like Canaccord Genuity, coupled with a significant increase in the price target, typically instills confidence in investors about the stock's future performance. This often leads to an increase in stock price in the short term as investors react positively to the news.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100