Why Wheels Up Stock Is Soaring Today

Shares of Wheels Up Experience (NYSE: UP), a private jet charter company, skyrocketed Wednesday morning after an analyst initiated coverage of its stock with a buy rating. 

Wheels Up rose by as much as 30.2% in early trading and was up by 20.3% as of 11:46 a.m. ET. 

Investors were clearly happy that Goldman Sachs analyst Noah Poponak initiated coverage of Wheels Up with a buy rating and a price target of $5 -- well above the $1.92 share price where it closed Tuesday trading.

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Source Fool.com