JP Morgan Downgrades R1 RCM to Neutral, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anne Samuel downgraded R1 RCM (NASDAQ:RCM) from Overweight to Neutral and reduced the price target from $20 to $11, indicating a more cautious outlook on the company's stock.
December 13, 2023 | 12:07 pm
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R1 RCM was downgraded by JP Morgan from Overweight to Neutral with a significant price target cut from $20 to $11, suggesting a bearish view on the stock's future performance.
The downgrade by a major financial institution like JP Morgan typically reflects a less optimistic assessment of the company's future earnings potential or market position, which can lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
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