JP Morgan Downgrades Outfront Media to Neutral, Lowers Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Richard Choe has downgraded Outfront Media (NYSE:OUT) from Overweight to Neutral and lowered the price target from $20 to $14.
August 04, 2023 | 2:57 pm
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Outfront Media has been downgraded by JP Morgan from Overweight to Neutral, with a lowered price target from $20 to $14.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Outfront Media. The lowered price target suggests that JP Morgan sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100