Service Corporation International (SCI) stock surged 6.58% in pre-market trading on Thursday, following a bullish analyst report that maintained a Buy rating on the company.
The stock rally was fueled by a research note from Truist Financial analyst Tobey Sommer, who reiterated a Buy rating on Service International. While the specific details of the report were not provided, a positive outlook and reiterated Buy rating from a respected firm like Truist Financial likely contributed to investor optimism and the significant pre-market rise in SCI's stock price.
Service Corporation International, a provider of deathcare products and services, has seen its stock price soar on the back of the bullish analyst report. The company's strong performance and positive outlook appear to have been reaffirmed by the Truist Financial analyst, driving investor confidence and the pre-market stock surge.
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