JP Morgan Initiates Coverage On Wipro with Underweight Rating, Announces Price Target of $4.3
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Ankur Rudra initiates coverage on Wipro (NYSE:WIT) with an Underweight rating and announces a price target of $4.3.

May 24, 2023 | 8:52 am
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JP Morgan initiates coverage on Wipro with an Underweight rating and a price target of $4.3.
JP Morgan's initiation of coverage on Wipro with an Underweight rating and a price target of $4.3 suggests that the analyst believes the stock is overvalued and may underperform in the short term. This negative outlook could lead to a decline in Wipro's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100