JP Morgan Downgrades Crestwood Equity Partners to Underweight, Lowers Price Target to $28
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Jeremy Tonet has downgraded Crestwood Equity Partners (NYSE:CEQP) from Neutral to Underweight and lowered the price target from $30 to $28.
August 04, 2023 | 10:43 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Crestwood Equity Partners has been downgraded by JP Morgan from Neutral to Underweight, with a reduced price target of $28.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Crestwood Equity Partners. The lowered price target suggests that JP Morgan expects the stock's value to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100