Truist Securities Reiterates Buy on REX American Resources, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has reiterated a Buy rating on REX American Resources (NYSE:REX), increasing the price target from $58 to $70.

April 12, 2024 | 12:53 pm
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Truist Securities has upgraded the price target for REX American Resources from $58 to $70 while maintaining a Buy rating.
The upgrade in price target by a reputable analyst like Jordan Levy suggests a strong confidence in REX American Resources' future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price, as market participants often react positively to higher analyst price targets, especially when accompanied by a Buy rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100