Oppenheimer Maintains Outperform on JPMorgan Chase, Lowers Price Target to $219
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Chris Kotowski has maintained an 'Outperform' rating on JPMorgan Chase (NYSE:JPM) but lowered the price target from $227 to $219.
August 18, 2023 | 12:23 pm
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JPMorgan Chase's price target has been lowered by Oppenheimer from $227 to $219, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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IMPORTANCE 70
RELEVANCE 100