Guggenheim Initiates Coverage on ERock (NYSE:EROC)

Research analysts at Guggenheim began coverage on shares of ERock (NYSE:EROC) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $23.00 price target on the stock. Guggenheim’s price target would indicate a potential upside of 47.25% from the stock’s current price.

A number of other research analysts also recently commented on EROC. JPMorgan Chase & Co. began coverage on ERock in a research note on Monday. They issued an “overweight” rating and a $24.00 price target for the company. Wolfe Research initiated coverage on shares of ERock in a research note on Monday. They set an “outperform” rating and a $24.00 price objective on the stock. Morgan Stanley initiated coverage on shares of ERock in a report on Monday. They issued an “overweight” rating and a $21.00 target price on the stock. Wall Street Zen upgraded shares of ERock to a “hold” rating in a research report on Saturday, June 20th. Finally, Evercore assumed coverage on shares of ERock in a report on Monday. They set an “outperform” rating and a $28.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.62.

ERock Price Performance

NYSE:EROC opened at $15.62 on Monday. ERock has a fifty-two week low of $13.02 and a fifty-two week high of $20.70.