JP Morgan Downgrades VIZIO Holding to Neutral, Raises Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Carpenter downgrades VIZIO Holding (VZIO) from Overweight to Neutral but raises the price target from $10 to $11.5.

February 21, 2024 | 5:33 pm
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NEUTRAL IMPACT
VIZIO Holding was downgraded by JP Morgan from Overweight to Neutral, although the price target was increased from $10 to $11.5.
The downgrade to Neutral suggests a more cautious outlook on VIZIO's stock by JP Morgan, potentially due to market conditions or company performance. However, the increase in the price target indicates an expectation of some positive movement in the stock price, albeit less aggressive than an Overweight rating would suggest. This mixed signal could lead to short-term uncertainty among investors, making the short-term impact neutral as the market digests both pieces of information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100