What Makes Ligand (LGND) a New Strong Buy Stock

Therefore, the Zacks rating upgrade for Ligand basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively ha ...