Installed Building Products shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $165 to $199. Also, Goldman Sachs raised its price target on the stock from $178 to $196.
Portfolio Pulse from Benzinga Newsdesk
Installed Building Products (IBP) shares are up following upgrades by JP Morgan and Goldman Sachs. JP Morgan upgraded IBP from Neutral to Overweight and increased the price target from $165 to $199. Goldman Sachs also raised their price target from $178 to $196.
December 14, 2023 | 5:03 pm
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POSITIVE IMPACT
Installed Building Products' stock is likely to experience a positive short term impact due to upgrades by JP Morgan and Goldman Sachs, with new price targets set at $199 and $196 respectively.
Analyst upgrades and raised price targets are strong indicators of a positive outlook on a stock, which can lead to increased investor confidence and buying pressure in the short term. The upgrades from two reputable financial institutions, JP Morgan and Goldman Sachs, suggest a consensus on the stock's potential, making the positive impact more likely.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100