JP Morgan Downgrades Reynolds Consumer Prods to Neutral, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira downgraded Reynolds Consumer Products (REYN) from Overweight to Neutral and reduced the price target from $29 to $28.

November 22, 2023 | 11:05 am
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NEGATIVE IMPACT
Reynolds Consumer Products was downgraded by JP Morgan from Overweight to Neutral with a price target decrease from $29 to $28.
The downgrade by a major analyst like JP Morgan typically leads to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further supports the expectation of a decrease in stock value.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100