JP Morgan Maintains Overweight on Karuna Therapeutics, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Kasimov maintains an Overweight rating on Karuna Therapeutics (NASDAQ:KRTX) but lowers the price target from $260 to $250.
June 05, 2023 | 12:33 pm
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JP Morgan maintains an Overweight rating on Karuna Therapeutics (KRTX) but lowers the price target from $260 to $250.
The news of JP Morgan maintaining an Overweight rating on Karuna Therapeutics indicates a positive outlook for the company. However, the lowering of the price target from $260 to $250 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100