JP Morgan Maintains Neutral on Forestar Group, Raises Price Target to $33.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut has maintained a Neutral rating on Forestar Group (NYSE:FOR) and increased the price target from $30 to $33.5.
December 01, 2023 | 7:25 pm
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Forestar Group's price target has been raised from $30 to $33.5 by JP Morgan, while maintaining a Neutral rating.
The increase in price target by JP Morgan suggests a positive outlook on the stock's value, potentially leading to short-term investor optimism and an upward price movement. However, the Neutral rating indicates that the analyst does not see significant momentum beyond the new target price in the near term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100