HSBC Begins Coverage on PICS (NASDAQ:PICS)

Equities researchers at HSBC assumed coverage on shares of PICS (NASDAQ:PICS) in a research note issued on Thursday,Benzinga reports. The brokerage set a “buy” rating and a $21.00 price target on the stock. HSBC’s target price points to a potential upside of 41.89% from the company’s current price.

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

PICS Stock Up 3.0%

Shares of NASDAQ:PICS traded up $0.43 on Thursday, reaching $14.80. The company had a trading volume of 356,945 shares, compared to its average volume of 1,175,064. PICS has a twelve month low of $12.80 and a twelve month high of $19.95.