JP Morgan Upgrades Amalgamated Financial to Overweight, Announces $29 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos upgraded Amalgamated Financial (NASDAQ:AMAL) from Neutral to Overweight and set a price target of $29.

December 12, 2023 | 12:45 pm
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Amalgamated Financial was upgraded by JP Morgan from Neutral to Overweight with a new price target of $29.
Upgrades by major analysts like JP Morgan typically lead to positive investor sentiment and can result in a short-term increase in stock price. The new price target of $29 suggests a bullish outlook on the stock, which may encourage investors to buy.
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