JP Morgan Downgrades ESAB to Neutral, Raises Price Target to $74
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Tami Zakaria has downgraded ESAB (NYSE:ESAB) from Overweight to Neutral, while raising the price target from $70 to $74.
July 18, 2023 | 9:48 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan has downgraded ESAB to Neutral from Overweight and raised the price target to $74. This could lead to a mixed market reaction.
The downgrade from Overweight to Neutral indicates a less optimistic outlook for ESAB, which could negatively impact the stock. However, the raised price target from $70 to $74 suggests an expected increase in the stock's value, which could have a positive effect. The net impact is likely to be mixed.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100