Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Clear Secure Stock Rocketed 13% Higher Today

TheMotleyFool

0 0

Why Clear Secure Stock Rocketed 13% Higher Today: https://g.foolcdn.com/editorial/images/846978/the-port-fuselage-of-a-plane-at-dawn-or-dusk.jpg

Clear Secure (NYSE: YOU), the company behind the Clear traveler verification system that's a common sight at U.S. airports, had an excellent session on the stock exchange Friday. Its share price ballooned by over 13%, a surge largely driven by a recommendation upgrade from a top bank.

JPMorgan Chase unit J.P. Morgan was the upgrading party, in the person of analyst Cory Carpenter. He upgraded his recommendation on Clear Secure to overweight (buy, in other words) from his previous neutral rating. Furthermore, he also increased his price target by 20% to $42 per share.

Image source: Getty Images.

Source Fool.com