JP Morgan Maintains Neutral on Leonardo DRS, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman has maintained a Neutral rating on Leonardo DRS (NASDAQ:DRS) and reduced the price target from $25 to $24.

March 15, 2024 | 2:19 pm
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NEGATIVE IMPACT
JP Morgan analyst Seth Seifman has maintained a Neutral rating on Leonardo DRS, but lowered the price target from $25 to $24.
The reduction in price target by JP Morgan, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price of Leonardo DRS. The maintenance of a Neutral rating indicates that the analyst does not see significant upside or downside from the current price level, but the lowering of the price target suggests a slight bearish outlook on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100