JP Morgan Upgrades Lightspeed Commerce to Neutral
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang has upgraded Lightspeed Commerce (NYSE:LSPD) from Underweight to Neutral, indicating a change in the bank's outlook on the company's stock.
December 18, 2023 | 4:11 pm
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JP Morgan's upgrade of Lightspeed Commerce from Underweight to Neutral suggests a more favorable outlook on the stock, which could influence investor sentiment and potentially stabilize the stock price in the short term.
Analyst ratings can significantly affect stock prices, especially from major financial institutions like JP Morgan. The upgrade to Neutral may lead to increased investor confidence and reduced selling pressure, potentially driving a short-term positive impact on LSPD's stock price.
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