JP Morgan Downgrades Model N to Neutral, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anne Samuel downgraded Model N (NYSE:MODN) from Overweight to Neutral and reduced the price target from $30 to $25.

December 13, 2023 | 12:01 pm
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NEGATIVE IMPACT
Model N was downgraded by JP Morgan from Overweight to Neutral with a price target decrease from $30 to $25.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less favorable outlook. The reduction in the price target further implies a lower expected future stock price, which can also negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100