JP Morgan Maintains Overweight on VIZIO Holding, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Cory Carpenter has maintained an Overweight rating on VIZIO Holding (NYSE:VZIO) but lowered the price target from $13 to $12.
August 09, 2023 | 4:55 pm
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NEUTRAL IMPACT
JP Morgan has maintained an Overweight rating on VIZIO Holding but lowered the price target from $13 to $12.
The news is directly about VIZIO Holding. The Overweight rating suggests that JP Morgan expects the stock to outperform, which could be positive for the stock. However, the lowering of the price target could be seen as a negative signal, potentially limiting the stock's upside. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100