JP Morgan Downgrades Cambium Networks to Underweight, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Samik Chatterjee has downgraded Cambium Networks (NASDAQ:CMBM) from Neutral to Underweight and lowered the price target from $17 to $12.
August 04, 2023 | 10:51 am
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Cambium Networks has been downgraded by JP Morgan from Neutral to Underweight, with a reduced price target of $12.
The downgrade from JP Morgan, a major financial institution, is likely to negatively impact investor sentiment towards Cambium Networks. The reduced price target suggests that JP Morgan expects the stock's value to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100