JP Morgan Downgrades ACV Auctions to Neutral, Announces $17 Price Target
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Rajat Gupta has downgraded ACV Auctions (NASDAQ:ACVA) from Overweight to Neutral and set a price target of $17.
July 13, 2023 | 10:01 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
ACV Auctions has been downgraded by JP Morgan from Overweight to Neutral with a new price target of $17.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards ACV Auctions. The new price target of $17 also suggests a potential decrease in the stock's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100