JP Morgan Downgrades Snap One Holdings to Neutral, Lowers Price Target to $10.75
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Cory Carpenter downgrades Snap One Holdings (NASDAQ:SNPO) from Overweight to Neutral and lowers the price target from $11 to $10.75.
April 16, 2024 | 4:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan downgraded Snap One Holdings to Neutral from Overweight and reduced the price target to $10.75.
The downgrade by a major financial institution like JP Morgan can lead to a negative perception among investors, potentially causing a short-term decline in SNPO's stock price. The slight reduction in the price target further emphasizes a cautious outlook on the company's valuation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100