JP Morgan Downgrades Guild Holdings to Underweight, Maintains Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Richard Shane downgrades Guild Holdings (GHLD) from Neutral to Underweight, while maintaining the price target at $14.

April 03, 2024 | 11:22 am
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Guild Holdings was downgraded from Neutral to Underweight by JP Morgan analyst Richard Shane, with the price target maintained at $14.
The downgrade from Neutral to Underweight by a major financial institution like JP Morgan suggests a bearish outlook on GHLD's stock in the short term. Maintaining the price target indicates that while the stock's current valuation is seen as appropriate, its future prospects may have dimmed, leading to potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100