JP Morgan Upgrades Elme Communities to Overweight, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Mueller has upgraded Elme Communities (NYSE:ELME) from Neutral to Overweight and increased the price target from $16 to $18.
December 18, 2023 | 10:32 am
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POSITIVE IMPACT
Elme Communities has been upgraded by JP Morgan from Neutral to Overweight with a price target increase from $16 to $18.
Analyst upgrades typically lead to a positive short term reaction in the stock price as they suggest a bullish outlook. The increase in price target further reinforces the positive sentiment, indicating that the analyst sees more value in the stock than previously estimated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100