JP Morgan Downgrades EverCommerce to Neutral, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Alexei Gogolev has downgraded EverCommerce (NASDAQ:EVCM) from Overweight to Neutral and lowered the price target from $14 to $12.
October 11, 2023 | 10:24 am
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EverCommerce has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $12.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards EverCommerce. The reduced price target suggests that JP Morgan expects lower future performance from the company, which could lead to a decrease in its stock price in the short term.
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