Why Figs Stock Was Bouncing Higher Today
An analyst maintained her bullish stance on the company following discussions with two executives.
Why Figs Stock Was Bouncing Higher Today
Overview
The prognosis for Figs (NYSE: FIGS) stock looked rather positive on Wednesday. Investors bought into the stock after an analyst reiterated her bullish take on the specialized workwear and accessories maker. In late-session action that day, Figs stock was up by more than 5%.
That pundit was KeyBanc's Ashley Owens, who maintained her overweight (read: buy) recommendation on Figs with a price target of $19 per share -- a robust 63% above the stock's current level.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
