JP Morgan Maintains Overweight on Altus Power, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse has maintained an Overweight rating on Altus Power (NYSE:AMPS) but reduced the price target from $8 to $7.

November 14, 2023 | 6:55 pm
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JP Morgan has maintained an Overweight rating on Altus Power, indicating a positive outlook, but lowered the price target from $8 to $7, suggesting a reduced growth expectation.
While the Overweight rating suggests that JP Morgan still sees Altus Power as a good investment, the reduction in the price target could imply that there are factors that might limit the stock's upside potential in the short term. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the continued positive rating and the lowered growth expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100