T2 Biosystems shares are trading higher after the company reported better-than-expected Q2 EPS results. Also, Canaccord Genuity maintained a Hold rating on the stock and raised its price target from $3 to $5.
Portfolio Pulse from Benzinga Newsdesk
T2 Biosystems shares are trading higher after the company reported better-than-expected Q2 EPS results. Canaccord Genuity maintained a Hold rating on the stock and raised its price target from $3 to $5.
July 30, 2024 | 12:01 pm
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T2 Biosystems shares are trading higher following better-than-expected Q2 EPS results. Canaccord Genuity maintained a Hold rating and raised its price target from $3 to $5.
The better-than-expected Q2 EPS results are a positive indicator of the company's financial health, likely boosting investor confidence. Additionally, the raised price target from Canaccord Genuity suggests a more optimistic outlook, further supporting the stock's upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100