Piper Sandler Initiates Coverage On LENZ Therapeutics with Overweight Rating, Announces Price Target of $28
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Joseph Catanzaro has initiated coverage on LENZ Therapeutics with an Overweight rating and set a price target of $28. This move could indicate a positive outlook on LENZ's stock performance in the near term.
March 27, 2024 | 11:05 am
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Piper Sandler initiated coverage on LENZ Therapeutics with an Overweight rating and a price target of $28, suggesting a bullish outlook.
Analyst ratings, especially from reputable firms like Piper Sandler, can significantly influence investor sentiment and stock prices. An Overweight rating coupled with a high price target suggests strong confidence in the company's future performance, potentially leading to increased investor interest and a rise in stock price in the short term.
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