JP Morgan Maintains Underweight on Gentherm, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ryan Brinkman has maintained an Underweight rating on Gentherm (NASDAQ:THRM) and reduced the price target from $63 to $60.
April 22, 2024 | 2:12 pm
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JP Morgan analyst Ryan Brinkman maintains an Underweight rating on Gentherm and lowers the price target from $63 to $60.
The reduction in price target by JP Morgan, a major financial institution, could lead to negative sentiment among investors regarding Gentherm's stock. This adjustment reflects a less optimistic outlook on the company's future performance, potentially influencing short-term stock price movement to the downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100