JP Morgan Upgrades Grab Hldgs to Neutral, Raises Price Target to $3.1
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ranjan Sharma upgrades Grab Holdings (NASDAQ:GRAB) from Underweight to Neutral and raises the price target from $2.55 to $3.1.
June 22, 2023 | 9:15 am
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JP Morgan upgrades Grab Holdings to Neutral and raises the price target from $2.55 to $3.1.
The upgrade from Underweight to Neutral by JP Morgan analyst Ranjan Sharma and the increase in price target from $2.55 to $3.1 indicate a more positive outlook for Grab Holdings. This could lead to a short-term increase in the stock price as investors react to the improved rating and higher price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100