HSBC Initiates Coverage On Jacobs Solutions with Hold Rating, Announces Price Target of $149
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Wesley Brooks has initiated coverage on Jacobs Solutions (NYSE:J) with a Hold rating and a price target of $149.
September 15, 2023 | 9:57 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
HSBC has initiated coverage on Jacobs Solutions with a Hold rating and a price target of $149. This could potentially influence investor sentiment.
The initiation of coverage by HSBC, a major financial institution, could influence investor sentiment towards Jacobs Solutions. However, the 'Hold' rating suggests that the stock is fairly valued at its current price, and the price target of $149 indicates where HSBC believes the stock will trade in the future. This could potentially lead to increased trading activity, but it's not clear whether it will drive the price up or down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100