Jack Henry & Associates shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and announced a $140 price target.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Jack Henry & Associates from Neutral to Sell and set a price target of $140. This has led to a decrease in the company's share price.
October 12, 2023 | 6:17 pm
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NEGATIVE IMPACT
Jack Henry & Associates' stock has been downgraded by Goldman Sachs, leading to a decrease in share price. The new price target is $140.
Goldman Sachs' downgrade from Neutral to Sell indicates a negative outlook for Jack Henry & Associates. This has likely contributed to the decrease in the company's share price. The new price target of $140 also suggests that Goldman Sachs believes the stock is currently overvalued, which could further pressure the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100