Leerink Partners Upgrades Nuvalent to Outperform, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Leerink Partners analyst Andrew Berens upgraded Nuvalent (NASDAQ:NUVL) from Market Perform to Outperform and increased the price target from $69 to $110.
April 01, 2024 | 2:57 pm
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Nuvalent's stock rating was upgraded by Leerink Partners from Market Perform to Outperform, with a significant increase in the price target from $69 to $110.
The upgrade in rating and significant increase in price target by a reputable analyst like Andrew Berens of Leerink Partners is a strong positive signal for Nuvalent. Such upgrades often lead to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100