JP Morgan Maintains Overweight Rating for News: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained its Overweight rating for News Corporation (NASDAQ:NWSA) and increased its price target from $27.00 to $28.00. This new target represents a 37.29% increase from the current share price. Despite this, shares of News Corporation have been trading down 1.76% over the last 24 hours.
August 21, 2023 | 5:00 pm
News sentiment analysis
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JP Morgan has maintained its Overweight rating for News Corporation and raised its price target, indicating a positive outlook for the company. However, the stock has been trading down recently.
The maintenance of the Overweight rating and the increase in price target by JP Morgan indicates a positive outlook for News Corporation. This could potentially attract investors, driving the stock price up. However, the recent trading down of the stock indicates some market skepticism, which could moderate the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100