Trevi Therapeutics, Inc. (TRVI) shares surged 5.93% in pre-market trading on Friday, following a series of bullish analyst reports that reaffirmed Buy ratings and raised price targets for the company.
Leading the positive sentiment, Oppenheimer analyst Leland Gershell maintained a Buy rating on Trevi Therapeutics and increased the price target to $24 from $23. This was closely followed by Cantor Fitzgerald analyst Joshua Schimmer, who reiterated a Buy rating with a price target of $25. Additionally, Clear Street analyst Kaveri Pohlman maintained a Buy rating with a price target of $21.
The wave of optimistic analyst views suggests growing confidence in Trevi Therapeutics' potential and future prospects. Investors appear to be responding positively to these endorsements, driving the stock's significant pre-market rally. As the market opens, all eyes will be on Trevi Therapeutics to see if this momentum can be sustained throughout the trading session.
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