Biomea Fusion shares are trading higher after EF Hutton initiated coverage on the stock with a Buy rating and announced a price target of $128.
Portfolio Pulse from Benzinga Newsdesk
Biomea Fusion shares rose after EF Hutton initiated coverage with a Buy rating and set a price target of $128.
October 09, 2024 | 2:57 pm
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POSITIVE IMPACT
EF Hutton's initiation of coverage on Biomea Fusion with a Buy rating and a $128 price target has positively impacted the stock price.
The initiation of coverage by EF Hutton with a Buy rating and a high price target is a strong positive signal for investors, likely leading to increased buying interest and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100