Loop Capital Upgrades Honest Co to Buy, Maintains Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has upgraded Honest Co (NASDAQ:HNST) from Hold to Buy, maintaining the price target at $3.
June 25, 2024 | 12:06 pm
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POSITIVE IMPACT
Loop Capital has upgraded Honest Co from Hold to Buy, maintaining the price target at $3. This upgrade could positively impact the stock price in the short term as it reflects increased confidence in the company's performance.
The upgrade from Hold to Buy by Loop Capital suggests increased confidence in Honest Co's performance. Maintaining the price target at $3 indicates that the analyst believes the stock is undervalued at its current price, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100