JP Morgan Maintains Underweight on Dingdong (Cayman), Lowers Price Target to $1.15
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andre Chang has maintained an Underweight rating on Dingdong (Cayman) (NYSE:DDL) and reduced the price target from $1.4 to $1.15.
March 05, 2024 | 11:31 am
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JP Morgan analyst Andre Chang has maintained an Underweight rating on Dingdong (Cayman) and reduced the price target from $1.4 to $1.15.
The reduction in price target by a significant financial institution like JP Morgan, especially with an Underweight rating, suggests a bearish outlook on the stock. This could lead to a decrease in investor confidence and potentially lower the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100