Keefe, Bruyette & Woods Upgrades Newmark Group to Outperform, Raises Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods has upgraded Newmark Group (NASDAQ:NMRK) from Market Perform to Outperform, raising the price target from $13.5 to $16.5.
September 05, 2024 | 10:58 am
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Keefe, Bruyette & Woods has upgraded Newmark Group to Outperform and increased the price target to $16.5, indicating a positive outlook for the stock.
The upgrade from Market Perform to Outperform by a reputable analyst firm suggests increased confidence in Newmark Group's future performance. The raised price target from $13.5 to $16.5 indicates expectations of a higher stock price, likely leading to positive investor sentiment and potential short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100