JP Morgan Downgrades Enlight Renewable Energy to Neutral, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse downgrades Enlight Renewable Energy (ENLT) from Overweight to Neutral and lowers the price target from $19 to $16.
April 08, 2024 | 7:54 pm
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NEGATIVE IMPACT
Enlight Renewable Energy was downgraded by JP Morgan from Overweight to Neutral, with a reduced price target from $19 to $16.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan, accompanied by a reduction in the price target, is likely to negatively impact investor sentiment towards ENLT in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100