Jefferies Downgrades Jackson Finl to Hold, Announces $55 Price Target
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Suneet Kamath has downgraded Jackson Finl (NYSE:JXN) from Buy to Hold and set a price target of $55. This reflects a change in the firm's outlook on the stock.

January 02, 2024 | 10:32 am
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NEUTRAL IMPACT
Jefferies has downgraded Jackson Finl from Buy to Hold and set a price target of $55, indicating a neutral outlook on the stock's short-term performance.
The downgrade from Buy to Hold by Jefferies suggests that the analyst sees limited upside potential for JXN in the near term. The announcement of a specific price target provides a reference point for investors, but the neutral stance implies that significant stock movement is not anticipated immediately. The importance is high as analyst ratings can influence investor sentiment, but not at the maximum since it is a single analyst's opinion and not a broader market consensus. The confidence level is high due to the direct mention of JXN and the clear action taken by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100