JP Morgan Maintains Neutral on Wolfspeed, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee maintains a Neutral rating on Wolfspeed (NYSE:WOLF) and lowers the price target from $60 to $50.
October 31, 2023 | 8:38 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on Wolfspeed and lowered the price target from $60 to $50.
The lowering of the price target by JP Morgan indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Wolfspeed's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100