JP Morgan Upgrades TDCX to Overweight, Lowers Price Target to $7.4
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ranjan Sharma has upgraded TDCX from Neutral to Overweight and lowered the price target from $9.8 to $7.4.
October 30, 2023 | 9:10 am
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TDCX has been upgraded to Overweight from Neutral by JP Morgan, but the price target has been lowered from $9.8 to $7.4.
The upgrade to Overweight indicates that JP Morgan sees potential for TDCX's stock to outperform the market. However, the lowering of the price target suggests that they believe the stock is currently overvalued. This could lead to increased buying pressure in the short term, but also potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100