JP Morgan Downgrades Kodiak Gas Services to Neutral, Announces $27 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeremy Tonet downgraded Kodiak Gas Services (NYSE:KGS) from Overweight to Neutral and set a price target of $27.
March 08, 2024 | 1:26 pm
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Kodiak Gas Services was downgraded by JP Morgan from Overweight to Neutral with a new price target of $27.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a less optimistic outlook on Kodiak Gas Services' stock performance in the short term. The setting of a price target provides a specific expectation for the stock's future price level, which can influence investor sentiment and potentially lead to a decrease in stock price, especially if the market perceives the new target as a downgrade or a less bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100