JP Morgan Maintains Overweight on Carlyle Group, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington maintains an Overweight rating on Carlyle Group (NASDAQ:CG) and raises the price target from $39 to $45.
February 08, 2024 | 8:51 pm
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JP Morgan has maintained an Overweight rating on Carlyle Group and increased the price target from $39 to $45.
The increase in price target by a reputable analyst like Kenneth Worthington from JP Morgan is a strong positive signal for Carlyle Group. It suggests a bullish outlook on the stock, likely due to favorable analysis of the company's performance and future prospects. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100