JP Morgan Downgrades Arco Platform to Neutral, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Marcelo Santos has downgraded Arco Platform (NASDAQ:ARCE) from Overweight to Neutral and lowered the price target from $17 to $14.
September 14, 2023 | 9:10 am
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NEGATIVE IMPACT
Arco Platform's rating has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $14.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Arco Platform. The reduced price target suggests that JP Morgan sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100