Waldencast shares are trading higher after Canaccord Genuity initiated coverage on the stock with a Buy rating and announced a price target of $5.
Portfolio Pulse from Benzinga Newsdesk
Waldencast shares rose following Canaccord Genuity's initiation of coverage with a Buy rating and a $5 price target.
October 25, 2024 | 4:10 pm
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POSITIVE IMPACT
Waldencast shares increased after Canaccord Genuity initiated coverage with a Buy rating and a $5 price target.
The initiation of coverage by Canaccord Genuity with a Buy rating and a specific price target of $5 is a positive signal to investors, likely leading to increased buying interest and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100