JP Morgan Maintains Neutral on Ryder System, Raises Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has maintained a Neutral rating on Ryder System (NYSE:R) and increased the price target from $110 to $117.
December 21, 2023 | 3:00 pm
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JP Morgan analyst maintains a Neutral rating on Ryder System but raises the price target from $110 to $117.
The increase in price target by JP Morgan suggests a positive outlook on the company's future performance, which could lead to a short-term increase in the stock price. However, since the rating remains Neutral, the impact may be moderate as it does not indicate a strong buy or sell signal.
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IMPORTANCE 60
RELEVANCE 100