Montrose Environmental Group shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight but lowered its price target from $46 to $41.
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has upgraded Montrose Environmental Group's stock from Neutral to Overweight, but has also lowered its price target from $46 to $41. This has resulted in Montrose Environmental Group's shares trading higher.
November 09, 2023 | 4:52 pm
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POSITIVE IMPACT
Montrose Environmental Group's stock has been upgraded by JP Morgan from Neutral to Overweight, but the price target has been lowered from $46 to $41. This has led to an increase in the trading of the company's shares.
The upgrade from JP Morgan is a positive signal for investors, indicating a bullish outlook for the company. However, the lowering of the price target might indicate a tempered expectation of the company's future performance. The net effect is positive as reflected in the increased trading of the company's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100