JP Morgan Maintains Underweight on Imperial Oil, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephanie Yee maintains an Underweight rating on Imperial Oil (AMEX:IMO) and raises the price target from C$93 to C$95.
November 02, 2023 | 9:17 pm
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NEGATIVE IMPACT
JP Morgan maintains an Underweight rating on Imperial Oil and raises the price target. This could potentially impact the stock negatively in the short term.
The Underweight rating maintained by JP Morgan indicates a negative outlook for Imperial Oil. Although the price target has been raised, the overall sentiment remains negative, which could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100