Larimar Therapeutics shares are trading higher after Leerink Partners initiated coverage on the stock with an Outperform rating and $25 price target.
Portfolio Pulse from Benzinga Newsdesk
Larimar Therapeutics' stock price increased following Leerink Partners initiating coverage with an Outperform rating and a $25 price target.
April 03, 2024 | 1:39 pm
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POSITIVE IMPACT
Larimar Therapeutics' shares rose after Leerink Partners initiated coverage with an Outperform rating and a $25 price target.
The initiation of coverage by a reputable financial institution like Leerink Partners, especially with a positive Outperform rating and a significant price target of $25, typically instills confidence among investors and can lead to an increase in stock price in the short term. This is due to the perceived validation of the company's potential and the expectation of future growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100