JP Morgan Downgrades Valvoline to Neutral, Lowers Price Target to $39
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Jeffrey Zekauskas downgraded Valvoline (NYSE:VVV) from Overweight to Neutral and lowered the price target from $41 to $39.
June 02, 2023 | 9:32 am
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Valvoline downgraded to Neutral by JP Morgan analyst, with a lowered price target of $39.
The downgrade from Overweight to Neutral by JP Morgan analyst Jeffrey Zekauskas indicates a less optimistic outlook for Valvoline. The lowered price target from $41 to $39 suggests that the analyst believes the stock has limited upside potential in the short term. This news may negatively impact the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100