Huya shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $3 to $9.
Portfolio Pulse from Benzinga Newsdesk
Huya shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $3 to $9.
May 20, 2024 | 2:07 pm
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POSITIVE IMPACT
JP Morgan upgraded Huya from Neutral to Overweight and increased its price target from $3 to $9, leading to a rise in Huya's share price.
The upgrade from a major financial institution like JP Morgan, along with a significant increase in the price target, is likely to boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100