Stock Track | Pitney Bowes Soars 5.10% Intraday Following BofA Upgrade to Neutral and Price Target Hike

Stock Track05-11 22:00

Pitney Bowes Inc. (PBI) shares soared 5.10% during Monday's intraday trading session following a significant analyst upgrade.

The surge comes after BofA Global Research upgraded the company's rating from Underperform to Neutral. In a major vote of confidence, the firm also raised its price objective for Pitney Bowes to $16.50 from $9.50, representing a substantial increase.

Analyst rating upgrades often signal improved outlooks and can trigger positive investor sentiment, leading to increased buying activity as seen in today's trading session.

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