PotlatchDeltic shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and announced a $51 price target.
Portfolio Pulse from Benzinga Newsdesk
PotlatchDeltic shares rose following an upgrade by B of A Securities from Neutral to Buy, with a new price target of $51.
September 12, 2024 | 5:54 pm
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POSITIVE IMPACT
PotlatchDeltic received an upgrade from B of A Securities, moving from Neutral to Buy, with a price target set at $51. This positive analyst rating is likely to boost investor confidence and drive the stock price higher in the short term.
The upgrade from a major financial institution like B of A Securities typically signals confidence in the company's future performance, encouraging investors to buy the stock. The new price target of $51 suggests potential upside, likely leading to increased buying activity and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100