JP Morgan Maintains Overweight on Intercorp Financial Servs, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Yuri Fernandes has maintained an Overweight rating on Intercorp Financial Services (NYSE:IFS) but reduced the price target from $29 to $28.
January 09, 2024 | 2:42 pm
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NEUTRAL IMPACT
Intercorp Financial Services' stock rating remains Overweight according to JP Morgan, but the price target has been lowered from $29 to $28.
While the reduction in price target could be seen as a negative signal, the maintenance of an Overweight rating suggests that JP Morgan still has a positive outlook on IFS. The impact on the stock price is likely to be neutral in the short term as the decrease in target price is relatively small and does not change the overall positive stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100