Why Figs Stock Was Bouncing Higher Today
The prognosis for Figs (NYSE: FIGS) stock looked rather positive on Wednesday. Investors bought into the stock after an analyst reiterated her bullish take on the specialized workwear and accessories maker. In late-session action that day, Figs stock was up by more than 5%.
That pundit was KeyBanc's Ashley Owens, who maintained her overweight (read: buy) recommendation on Figs with a price target of $19 per share -- a robust 63% above the stock's current level.
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Source Fool.com
