JP Morgan Maintains Overweight on Nuvei, Lowers Price Target to $27
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Tien-Tsin Huang has maintained an Overweight rating on Nuvei (NASDAQ:NVEI) but lowered the price target from $47 to $27.
August 10, 2023 | 4:52 pm
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JP Morgan has maintained an Overweight rating on Nuvei but lowered the price target from $47 to $27.
The lowered price target from JP Morgan could negatively impact investor sentiment towards Nuvei, potentially leading to a short-term decrease in the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100