JP Morgan Downgrades Guild Holdings to Neutral, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane has downgraded Guild Holdings (NYSE:GHLD) from Overweight to Neutral and lowered the price target from $15.5 to $13.
October 17, 2023 | 2:53 pm
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JP Morgan has downgraded Guild Holdings and lowered its price target, which could negatively impact the stock's performance.
The downgrade from Overweight to Neutral by JP Morgan indicates a less optimistic outlook for Guild Holdings. Additionally, the lowering of the price target from $15.5 to $13 suggests that the analyst believes the stock is overvalued at its current price. This could lead to a decrease in the stock's price as investors adjust their expectations.
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IMPORTANCE 80
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