JP Morgan Downgrades Inogen to Underweight, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Robbie Marcus has downgraded Inogen (NASDAQ:INGN) from Neutral to Underweight and lowered the price target from $15 to $8.
August 08, 2023 | 9:12 am
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NEGATIVE IMPACT
Inogen's stock has been downgraded by JP Morgan from Neutral to Underweight, with a reduced price target of $8, down from $15.
The downgrade from JP Morgan, a major financial institution, is likely to negatively impact investor sentiment towards Inogen. 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