HSBC Initiates Coverage on PICS (NASDAQ:PICS)

Investment analysts at HSBC assumed coverage on shares of PICS (NASDAQ:PICS) in a report issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $21.00 price target on the stock. HSBC’s price objective would suggest a potential upside of 33.67% from the stock’s previous close.

Separately, Wall Street Zen lowered shares of PICS from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $21.00.

PICS Trading Up 4.0%

PICS stock opened at $15.71 on Thursday. PICS has a 1-year low of $12.80 and a 1-year high of $19.95.