JP Morgan Maintains Neutral Rating for Premier: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained a Neutral rating on Premier (NASDAQ:PINC) but lowered its price target from $26.00 to $21.00. Premier's shares are currently trading at $19.20, and the new price target suggests a potential upside of 9.38%. Premier is a group purchasing organization that provides supply chain services to hospitals and has expanded into outpatient locations, offering advisory and consulting services as well as SaaS-based subscriptions.
November 13, 2023 | 5:00 pm
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JP Morgan maintains a Neutral rating on Premier, Inc. (PINC) and lowers the price target from $26.00 to $21.00, indicating a potential upside of 9.38% from the current price of $19.20.
The reduction in price target by JP Morgan could be perceived negatively by the market, but since the new target still suggests an upside and the rating remains Neutral, it may not have a significant negative impact on the stock price. The potential 9.38% increase to the new target price could create a positive sentiment among investors, leading to a short-term increase in the stock price.
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IMPORTANCE 75
RELEVANCE 100