Southport Acquisition (NYSE:ANGX) Upgraded at Zacks Research

Zacks Research upgraded shares of Southport Acquisition (NYSE:ANGX) to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on the company. Oppenheimer began coverage on Southport Acquisition in a report on Thursday. They set an “outperform” rating and a $8.00 price target for the company. Roth Capital initiated coverage on Southport Acquisition in a research report on Tuesday. They set a “buy” rating and a $9.00 price objective on the stock. Wall Street Zen cut shares of Southport Acquisition to a “strong sell” rating in a research report on Thursday, November 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Southport Acquisition in a research note on Monday. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Southport Acquisition presently has an average rating of “Hold” and a consensus price target of $8.50.

Southport Acquisition Stock Performance

NYSE:ANGX opened at $5.32 on Wednesday. Southport Acquisition has a 12-month low of $3.77 and a 12-month high of $20.39.

About Southport Acquisition

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals. The company was incorporated in 2021 and is based in Del Mar, California.