JP Morgan Maintains Overweight on IAC, Lowers Price Target to $80
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Cory Carpenter has maintained an Overweight rating on IAC (NASDAQ:IAC) but lowered the price target from $85 to $80.
August 10, 2023 | 4:50 pm
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JP Morgan has maintained an Overweight rating on IAC but lowered the price target from $85 to $80.
The news is directly related to IAC as JP Morgan has maintained an Overweight rating on the company but lowered the price target. This could indicate a potential downside risk in the short term, but the Overweight rating suggests that the analyst still sees potential for the stock to outperform. Therefore, the impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100