JP Morgan Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst David Karnovsky downgrades Endeavor Gr Hldgs (NYSE:EDR) from Overweight to Neutral and lowers the price target from $30 to $27.5.
April 05, 2024 | 11:45 am
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Endeavor Gr Hldgs was downgraded by JP Morgan from Overweight to Neutral, with a price target reduction from $30 to $27.5.
The downgrade by a major financial institution like JP Morgan, coupled with a reduction in the price target, typically signals a less optimistic outlook on the stock's short-term performance. This can lead to decreased investor confidence and potentially a decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100