Stock Track | Enerpac Tool Group Soars 6.88% Pre-Market on Roth MKM's Buy Rating and $48 Price Target

Stock Track10-16

Shares of Enerpac Tool Group (EPAC) are soaring 6.88% in pre-market trading on Thursday, following a positive analyst report from Roth MKM. The industrial tools and services provider's stock is attracting investor attention after analyst Tom Hayes reiterated a Buy rating on the company.

In his latest research note, Hayes maintained his bullish stance on Enerpac Tool Group and set an ambitious price target of $48.00. This target suggests significant upside potential from the stock's previous closing price, likely contributing to the strong pre-market rally.

The reiterated Buy rating and high price target from Roth MKM could signal confidence in Enerpac Tool Group's business prospects and financial performance. Investors appear to be responding positively to this vote of confidence, as reflected in the substantial pre-market stock movement. However, as always, market participants should conduct their own research and consider their individual risk tolerance before making investment decisions based on analyst recommendations.

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