JP Morgan Maintains Overweight on Archer Aviation, Raises Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Bill Peterson maintains an Overweight rating on Archer Aviation (NYSE:ACHR) and raises the price target from $6 to $8.
August 11, 2023 | 5:17 pm
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POSITIVE IMPACT
JP Morgan maintains an Overweight rating on Archer Aviation and raises the price target from $6 to $8, indicating a positive outlook for the company.
The raised price target by JP Morgan indicates a positive outlook for Archer Aviation. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100