JP Morgan Downgrades Runway Gwth Fin to Neutral, Lowers Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Melissa Wedel downgraded Runway Growth Finance (RWAY) from Overweight to Neutral and reduced the price target from $13.5 to $12.5.

March 08, 2024 | 1:50 pm
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NEGATIVE IMPACT
Runway Growth Finance was downgraded by JP Morgan from Overweight to Neutral, with a price target reduction from $13.5 to $12.5.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a less optimistic outlook on RWAY's stock performance in the short term. The reduction in the price target further indicates a revised expectation of the stock's value, likely leading to a negative impact on its price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100