Why Asensus Surgical Stock Is Soaring Today
Shares of Asensus Surgical (NYSEMKT: ASXC) were soaring 27.1% as of 11:36 a.m. EDT on Wednesday. The big jump came after H.C. Wainwright analysts initiated coverage on the stock with a buy rating. The analysts set a price target of $4 per share.
It's not a great idea to base an opinion on a stock solely because of an analyst's recommendation. But investors can profit from understanding why an analyst is bullish about a stock.
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Source Fool.com