JP Morgan Maintains Underweight on America Movil, Raises Price Target to $17.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Marcelo Santos has maintained an Underweight rating on America Movil (NYSE:AMX), while raising the price target from $15 to $17.5.
April 01, 2024 | 1:49 pm
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America Movil's stock rating remains Underweight according to JP Morgan, but the price target has been increased from $15 to $17.5.
The increase in price target by JP Morgan, despite maintaining an Underweight rating, suggests a slightly more optimistic outlook on America Movil's stock value in the short term. This could lead to positive investor sentiment, potentially driving the stock price up.
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