JP Morgan Maintains Overweight on Ternium, Raises Price Target to $51.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rodolfo Angele has maintained an Overweight rating on Ternium (NYSE:TX) and increased the price target from $48 to $51.5.
March 21, 2024 | 2:09 pm
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POSITIVE IMPACT
Ternium's stock may see a positive short-term movement following JP Morgan's increased price target from $48 to $51.5.
Analyst ratings and price target adjustments are significant indicators for stock movements. JP Morgan's upgrade implies a bullish outlook on Ternium, likely influencing investor sentiment and potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100