Shares of TTM Technologies Inc (TTMI) surged over 8% in pre-market trading on Tuesday, following an analyst's bullish rating on the stock. In a note released yesterday, William Stein from Truist Financial maintained a Buy rating on TTMI, citing the company's strong prospects.
Analysts' ratings and outlooks often have a significant impact on stock prices, as positive views tend to increase investor confidence and buying interest in a company's shares. When there is increased demand for a stock, especially before the regular trading session begins, it can drive up the price in pre-market trading.
While the specific price target was not disclosed in the analyst's report, the reiteration of a Buy rating likely contributed to the pre-market soar of 8.47% observed in TTMI shares on Tuesday morning.
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