JP Morgan Maintains Overweight on Box, Lowers Price Target to $33
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Pinjalim Bora maintains an Overweight rating on Box (NYSE:BOX) but lowers the price target from $34 to $33.
August 30, 2023 | 2:23 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on Box but lowers the price target from $34 to $33, which may impact investor sentiment.
The news is directly related to Box and is likely to influence investor sentiment. While the Overweight rating is maintained, the lowering of the price target might be perceived negatively by the market, potentially putting some downward pressure on the stock. However, the impact is not clear cut as the rating remains positive.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100