Verastem shares are trading higher after Guggenheim initiated coverage on the stock with a Buy rating and announced a $13 price target.
Portfolio Pulse from Benzinga Newsdesk
Verastem shares rose after Guggenheim initiated coverage with a Buy rating and a $13 price target.
September 30, 2024 | 4:31 pm
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Verastem shares increased following Guggenheim's initiation of coverage with a Buy rating and a $13 price target.
The initiation of coverage by a reputable firm like Guggenheim with a Buy rating and a specific price target of $13 is a strong positive signal for investors. This often leads to increased investor interest and buying activity, driving the stock price up in the short term.
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