AZZ shares are trading higher after Jefferies initiated coverage on the stock with a Buy rating and $105 price target.
Portfolio Pulse from Benzinga Newsdesk
AZZ shares are trading higher after Jefferies initiated coverage on the stock with a Buy rating and a $105 price target.
May 20, 2024 | 3:12 pm
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POSITIVE IMPACT
Jefferies initiated coverage on AZZ with a Buy rating and a $105 price target, causing the stock to trade higher.
The initiation of coverage by a reputable firm like Jefferies with a Buy rating and a high price target is a strong positive signal for investors, likely leading to increased buying activity and a short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100