JP Morgan Maintains Overweight on Reynolds Consumer Prods, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Reynolds Consumer Prods (NASDAQ:REYN) but lowers the price target from $32 to $29.
October 12, 2023 | 4:11 pm
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JP Morgan maintains an Overweight rating on Reynolds Consumer Prods but lowers the price target from $32 to $29.
The news is directly related to Reynolds Consumer Prods (REYN). While the Overweight rating is maintained, the lowering of the price target from $32 to $29 by JP Morgan might create a negative sentiment among investors, potentially impacting the stock price. However, the overall impact is neutral as the Overweight rating indicates that JP Morgan still expects the stock to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100