JP Morgan Initiates Coverage On Ivanhoe Electric with Overweight Rating, Announces Price Target of $18
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has initiated coverage on Ivanhoe Electric (AMEX:IE) with an Overweight rating and a price target of $18.
October 17, 2023 | 11:42 am
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JP Morgan has initiated coverage on Ivanhoe Electric with an Overweight rating and a price target of $18, indicating a positive outlook for the company.
The Overweight rating from JP Morgan indicates that they believe Ivanhoe Electric's stock will outperform the average market return. The price target of $18 suggests they expect the stock price to rise to this level. This positive outlook could lead to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100