e.l.f. Beauty shares are trading higher after Baird upgraded the stock from Neutral to Outperform and raised its price target from $210 to $230.
Portfolio Pulse from Benzinga Newsdesk
e.l.f. Beauty shares are trading higher after Baird upgraded the stock from Neutral to Outperform and raised its price target from $210 to $230.
July 18, 2024 | 1:24 pm
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POSITIVE IMPACT
e.l.f. Beauty shares are trading higher following an upgrade from Baird, which raised the stock rating from Neutral to Outperform and increased the price target from $210 to $230.
The upgrade from Baird to Outperform and the increase in the price target from $210 to $230 is a strong positive signal for investors. Such upgrades typically lead to increased investor confidence and buying activity, driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100