JP Morgan Downgrades Farfetch to Neutral, Lowers Price Target to $6
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Doug Anmuth has downgraded Farfetch (NYSE:FTCH) from Overweight to Neutral and lowered the price target from $15 to $6.
August 18, 2023 | 10:06 am
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Farfetch's stock rating has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $6.
The downgrade by JP Morgan, a major financial institution, could negatively impact investor sentiment towards Farfetch, potentially leading to a decrease in its stock price. The lowered price target also suggests that JP Morgan expects the stock's future performance to be weaker than previously anticipated.
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