JP Morgan Reinstates Neutral on Deciphera Pharmaceuticals, Announces $14 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jessica Fye has reinstated coverage on Deciphera Pharmaceuticals (NASDAQ:DCPH) with a Neutral rating and set a price target of $14.

November 20, 2023 | 1:17 pm
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NEUTRAL IMPACT
Deciphera Pharmaceuticals has been reinstated with a Neutral rating by JP Morgan and given a price target of $14.
The reinstatement of coverage with a Neutral rating suggests that JP Morgan sees Deciphera Pharmaceuticals as fairly valued at its current price. The announcement of a price target provides a benchmark for investors but does not imply significant upside or downside, hence the neutral score. The high relevance is due to the direct mention of DCPH, and the importance is significant as price targets from major analysts can influence market perception. The confidence level is high due to the clear stance from a reputable analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100