JP Morgan Upgrades Telephone and Data to Overweight, Announces $38 Price Target
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Philip Cusick has upgraded Telephone and Data Systems (NYSE:TDS) from Neutral to Overweight and set a price target of $38.
August 08, 2023 | 12:46 pm
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POSITIVE IMPACT
JP Morgan's upgrade of TDS to Overweight and a price target of $38 could lead to increased investor interest and potential upward movement in the stock's price.
Analyst upgrades often lead to increased investor interest in a stock, which can drive up the stock's price. In this case, JP Morgan's upgrade of TDS to Overweight and a price target of $38 suggests they believe the stock is undervalued and has potential for growth, which could lead to upward movement in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100