JP Morgan Upgrades Kinetik Holdings to Overweight, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeremy Tonet upgraded Kinetik Holdings (NYSE:KNTK) from Neutral to Overweight and increased the price target from $38 to $40.
March 08, 2024 | 12:49 pm
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Kinetik Holdings was upgraded by JP Morgan from Neutral to Overweight with a price target increase from $38 to $40.
The upgrade by a major financial institution like JP Morgan to an Overweight status, accompanied by a price target increase, typically signals a positive outlook on the stock's future performance. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100