RBC Capital Maintains Outperform on Penumbra, Raises Price Target to $222
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Shagun Singh has maintained an 'Outperform' rating on Penumbra (NYSE:PEN) and increased the price target from $205 to $222.
October 08, 2024 | 6:54 pm
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RBC Capital has reaffirmed its 'Outperform' rating for Penumbra and increased the price target from $205 to $222, indicating confidence in the company's future performance.
The increase in price target from $205 to $222 by RBC Capital suggests a positive outlook on Penumbra's future performance. The 'Outperform' rating indicates that the analyst expects the stock to perform better than the market average, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100