Annexon shares are trading higher after the company reported better-than-expected Q4 EPS results. Also, Wells Fargo maintained an Overweight rating on the stock and raised its price target from $11 to $12.
Portfolio Pulse from Benzinga Newsdesk
Annexon's shares surged following the announcement of better-than-expected Q4 EPS results. Additionally, Wells Fargo reaffirmed an Overweight rating on Annexon and increased its price target from $11 to $12.
March 27, 2024 | 3:56 pm
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POSITIVE IMPACT
Annexon's stock price increased due to positive Q4 EPS results and an upgraded price target from Wells Fargo.
The positive earnings surprise and the subsequent analyst endorsement with a higher price target are strong indicators of investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100