JP Morgan Maintains Neutral on Manitowoc Co, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains a Neutral rating on Manitowoc Co (NYSE:MTW) and raises the price target from $17.5 to $20.

July 27, 2023 | 2:06 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Manitowoc Co and raises the price target from $17.5 to $20. This could potentially attract investors.
The news of JP Morgan maintaining a Neutral rating on Manitowoc Co and raising the price target could potentially attract investors. However, the Neutral rating also indicates that the company's stock is expected to perform in line with the market or other comparable companies. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100