JP Morgan Maintains Neutral Rating for Genpact: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained its Neutral rating for Genpact (NYSE:G) but lowered its price target from $46.00 to $40.00. Genpact's shares are currently trading up 6.77% at $38.01 per share. A move to $40.00 would account for a 5.24% increase from the current share price.
August 10, 2023 | 5:00 pm
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NEUTRAL IMPACT
JP Morgan's decision to maintain a Neutral rating but lower the price target for Genpact could lead to mixed market reactions. The current upward trend in Genpact's share price may continue in the short term.
JP Morgan's decision to maintain its Neutral rating indicates that the bank does not expect significant changes in Genpact's stock performance. However, the lowering of the price target could be interpreted as a negative signal, potentially leading to mixed market reactions. Despite this, Genpact's shares are currently on an upward trend, which may continue in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100