JP Morgan Maintains Underweight on Eastern Bankshares, Raises Price Target to $13
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Janet Lee maintains an Underweight rating on Eastern Bankshares (NASDAQ:EBC) and raises the price target from $11.5 to $13.
June 29, 2023 | 4:16 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan maintains an Underweight rating on Eastern Bankshares and raises the price target from $11.5 to $13.
The news is directly about Eastern Bankshares. JP Morgan's decision to maintain an Underweight rating suggests they believe the stock is overvalued or will underperform, which could negatively impact the stock price. However, the increase in price target from $11.5 to $13 indicates a positive outlook, which could offset the negative impact of the Underweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100