JP Morgan Downgrades AssetMark Financial Hldgs to Neutral, Announces $37 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington downgraded AssetMark Financial Holdings (AMK) from Overweight to Neutral and set a $37 price target.
April 26, 2024 | 10:29 am
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JP Morgan downgraded AssetMark Financial Holdings to Neutral from Overweight with a $37 price target.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as market participants adjust their expectations. The downgrade from Overweight to Neutral suggests a less bullish outlook on AMK's future performance, potentially leading to decreased investor confidence and a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100