Why Staar Surgical Zoomed Almost 8% Higher on Tuesday
It was the subject of a recommendation upgrade from an analyst.
Overview
Staar Surgical (NASDAQ: STAA) was indisputably a star stock for many investors on Tuesday. Those folks eagerly bought into the eyecare company's equity on the back of a bullish analyst update. This propelled Staar shares to a nearly 8% increase across that trading session.
This was more than an update; it was an upgrade. Well before market open, Stifel's Thomas Stephan pushed his recommendation on Staar stock up to buy from his previous hold. He also raised his price target to $31 per share from $28.
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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.