Craig-Hallum initiated coverage of Stagwell with a Buy rating and $8 price target. The firm believes shares have been oversold on macro concerns over the past month, creating an attractive entry point despite the volatile 2H, the analyst tells investors in a research note. Stagwell is positioned for meaningful upside in 2024 as tailwinds materialize and shares rerate higher to peer multiples, the firm contends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on STGW: