Barnes Group shares are trading higher after DA Davidson upgraded the stock from Neutral to Buy and raised its price target from $35 to $45.
Portfolio Pulse from Benzinga Newsdesk
Barnes Group's stock price increased following an upgrade from DA Davidson, changing its rating from Neutral to Buy and raising the price target from $35 to $45.
April 18, 2024 | 4:02 pm
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POSITIVE IMPACT
Barnes Group's stock price is likely to experience a short-term increase following the upgrade by DA Davidson from Neutral to Buy and the raise in price target from $35 to $45.
Stock upgrades by reputable financial institutions like DA Davidson typically lead to a positive short-term price movement. The increase in the price target further boosts investor confidence, suggesting a strong bullish outlook for Barnes Group.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100