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Positive analyst view supported by a stated favorable near-term setup, although the prior target and underlying rationale are not provided.
What happened, with direct paths to the underlying reporting
Jefferies raised its SPOT target to $620 from an unspecified prior level and said it was favorable on the Q3 setup. The target is about 20% above the posted price of $518.76.
Target: $620
Posted price: $518.76
Analyst firm: Jefferies
Analyst: James Heaney
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