Perella Weinberg Partners (PWP) stock soared 5.89% during intraday trading on Monday, following bullish analyst actions that raised price targets for the financial advisory firm.
The surge comes after Goldman Sachs analyst James Yaro increased the firm's price target on PWP to $21.50 from $19, though maintaining a Sell rating on the shares. Additionally, Keefe Bruyette raised its price target to $23 from $20 while keeping a Market Perform rating on the stock.
These upward revisions in price targets from prominent financial institutions signal improved analyst sentiment and outlook for Perella Weinberg Partners, driving investor interest and contributing to the stock's significant intraday gain.
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