JP Morgan Maintains Neutral on Amalgamated Financial, Raises Price Target to $19.5
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Steven Alexopoulos maintains a Neutral rating on Amalgamated Financial (NASDAQ:AMAL) and raises the price target from $18 to $19.5.
June 29, 2023 | 4:04 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Amalgamated Financial and raises the price target from $18 to $19.5.
The news directly pertains to Amalgamated Financial (AMAL). JP Morgan's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $18 to $19.5 suggests a positive outlook in the longer term. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100