JP Morgan Downgrades RE/MAX Hldgs to Underweight, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anthony Paolone has downgraded RE/MAX Holdings (RMAX) from Neutral to Underweight and reduced the price target from $16 to $14.
December 18, 2023 | 10:58 am
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NEGATIVE IMPACT
RE/MAX Holdings was downgraded by JP Morgan from Neutral to Underweight, with a price target decrease from $16 to $14.
Downgrades by major analysts like JP Morgan can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further suggests a bearish outlook on the stock's value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100