JP Morgan Maintains Underweight on America Movil, Lowers Price Target to $17.5
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Marcelo Santos maintains an Underweight rating on America Movil (NYSE:AMX) and lowers the price target from $19 to $17.5.
August 29, 2023 | 1:09 pm
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JP Morgan has maintained an Underweight rating on America Movil and lowered the price target from $19 to $17.5.
The lowered price target by JP Morgan indicates a bearish outlook for America Movil. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100