Jefferies Assumes MACOM Technology Solns at Buy, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis has assumed coverage of MACOM Technology Solutions (MTSI) with a Buy rating and increased the price target to $135. This indicates a positive outlook on the company's stock by the analyst.
May 13, 2024 | 12:53 pm
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Jefferies analyst Blayne Curtis assumes coverage of MACOM Technology Solutions with a Buy rating and a raised price target to $135, indicating a strong positive outlook on the stock.
Analyst ratings and price target adjustments are significant indicators for stock performance in the short term. A Buy rating combined with a raised price target, especially from a reputable firm like Jefferies, suggests confidence in the company's future performance and is likely to positively influence investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100