Israel's Netanyahu Fires Defense Minister Gallant Over Lack Of Trust in War Management, Oil Prices Rise As US Election Results Loom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Source: Benzinga
Netanyahu Dismisses Defense Minister: Israeli Prime Minister Benjamin Netanyahu dismissed defense minister Yoav Gallant amid a crisis of trust over differing strategies in managing Israel's war efforts in Gaza, citing significant gaps in their approaches.
Market Reactions: Following Gallant's dismissal, there was a slight uptick in Israeli stocks and oil prices, while traders remained focused on the U.S. presidential election results.
Analyst Views on ISRA
Wall Street analysts forecast ISRA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ISRA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 62.960
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Current: 62.960
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
