JP Morgan Downgrades Dow to Neutral, Announces $55 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas downgraded Dow (NYSE:DOW) from Overweight to Neutral and set a new price target of $55.
January 26, 2024 | 4:08 pm
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Dow's stock rating was downgraded by JP Morgan from Overweight to Neutral, potentially impacting investor sentiment and the stock's market performance.
Downgrades by major analysts like JP Morgan can lead to a negative investor sentiment, which often results in a short-term decline in the stock price. The new price target of $55 may also set market expectations that could influence the stock's trading price.
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