B. Riley Securities Initiates Coverage On Canaan with Buy Rating, Announces Price Target of $2
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has initiated coverage on Canaan (NASDAQ:CAN) with a Buy rating and set a price target of $2.
September 18, 2024 | 11:26 am
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POSITIVE IMPACT
B. Riley Securities has initiated coverage on Canaan with a Buy rating and a price target of $2, indicating a positive outlook for the stock.
The initiation of coverage with a Buy rating and a specific price target by a reputable analyst can positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100