JP Morgan Maintains Overweight on Qiagen, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tycho Peterson has maintained an Overweight rating on Qiagen (NYSE:QGEN) but lowered the price target from $55 to $50.
October 17, 2023 | 4:16 pm
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JP Morgan has maintained an Overweight rating on Qiagen but lowered the price target from $55 to $50.
The news is directly related to Qiagen and is likely to influence investor sentiment. While the Overweight rating suggests that JP Morgan expects the stock to outperform, the lowering of the price target may create some uncertainty, potentially leading to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100