BMO Capital Maintains Outperform on Nuvalent, Raises Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained its 'Outperform' rating on Nuvalent and increased the price target from $102 to $132, indicating a positive outlook for the company's stock.
September 16, 2024 | 12:54 pm
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BMO Capital has reaffirmed its 'Outperform' rating for Nuvalent and increased the price target from $102 to $132, suggesting confidence in the company's future performance.
The increase in price target from $102 to $132 by BMO Capital reflects a strong positive sentiment towards Nuvalent's future performance. The 'Outperform' rating suggests that the stock is expected to perform better than the market average, which is likely to attract more investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100