JP Morgan Upgrades Compass Minerals Intl to Neutral, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas has upgraded Compass Minerals Intl (NYSE:CMP) from Underweight to Neutral, while also lowering the price target from $36 to $24.
November 20, 2023 | 9:54 am
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NEUTRAL IMPACT
Compass Minerals Intl was upgraded by JP Morgan from Underweight to Neutral, although the price target was reduced from $36 to $24.
The upgrade from Underweight to Neutral by JP Morgan suggests a less bearish outlook on CMP, which could be positive for the stock in the short term. However, the reduction in the price target from $36 to $24 indicates a lowered expectation for the stock's future performance, which could counteract some of the positive sentiment from the upgrade. The net effect might be neutral as the market digests both pieces of information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100