JP Morgan Maintains Overweight on HealthEquity, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anne Samuel has maintained an Overweight rating on HealthEquity (NASDAQ:HQY) but has reduced the price target from $81 to $73.
December 01, 2023 | 7:37 pm
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NEUTRAL IMPACT
HealthEquity's Overweight rating is maintained by JP Morgan, but the price target is lowered from $81 to $73, indicating potential upside but with caution.
The maintenance of an Overweight rating suggests that JP Morgan still sees HealthEquity as a good investment. However, the reduction in the price target could imply that there are some concerns or headwinds that might limit the stock's upside potential in the short term. This news is highly relevant to HealthEquity as it directly affects investor perception and could lead to a neutral short-term impact on the stock price as the market digests the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100