Stephens & Co. Initiates Coverage On Nurix Therapeutics with Overweight Rating, Announces Price Target of $20
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Sudan Loganathan initiates coverage on Nurix Therapeutics (NASDAQ:NRIX) with an Overweight rating and a price target of $20.
May 14, 2024 | 10:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Stephens & Co. initiated coverage on Nurix Therapeutics with an Overweight rating and set a price target of $20, indicating a positive outlook on the stock.
Analyst ratings, especially from reputable firms like Stephens & Co., can significantly influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes the stock will outperform its sector or the market. The announcement of a $20 price target further indicates a bullish outlook, which could lead to increased investor interest and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100