Southport Acquisition (NYSE:ANGX) Rating Increased to Hold at Zacks Research

Southport Acquisition (NYSE:ANGX) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

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

Southport Acquisition Trading Up 4.4%

Shares of NYSE ANGX opened at $5.22 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.