JP Morgan Maintains Overweight on Penumbra, Raises Price Target to $284
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Robbie Marcus has maintained an Overweight rating on Penumbra (NYSE:PEN) and increased the price target from $240 to $284.
December 20, 2023 | 8:15 pm
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POSITIVE IMPACT
Penumbra's stock may see a positive short term impact due to JP Morgan's raised price target from $240 to $284 and maintained Overweight rating.
Analyst ratings and price target adjustments by major financial institutions like JP Morgan can significantly influence investor sentiment and stock prices. The increase in price target suggests a bullish outlook on Penumbra's performance, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100