JP Morgan Maintains Neutral on Moderna, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jessica Fye has maintained a Neutral rating on Moderna (NASDAQ:MRNA) but has reduced the price target from $93 to $90.

December 01, 2023 | 7:41 pm
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NEGATIVE IMPACT
JP Morgan analyst Jessica Fye maintains a Neutral stance on Moderna but lowers the price target from $93 to $90.
The reduction in price target by a major financial institution like JP Morgan can lead to a negative perception among investors, potentially causing a short-term dip in Moderna's stock price. However, since the rating remains Neutral, the impact might be moderate rather than severe.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100