JP Morgan Maintains Neutral on Amalgamated Financial, Raises Price Target to $21.5
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Steven Alexopoulos maintains a Neutral rating on Amalgamated Financial (NASDAQ:AMAL) and raises the price target from $19.5 to $21.5.
August 04, 2023 | 11:47 am
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Amalgamated Financial and raises the price target from $19.5 to $21.5.
The news is directly about Amalgamated Financial. JP Morgan's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target could be seen as a positive signal, potentially leading to a slight increase in investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100