JP Morgan Maintains Neutral on Cogent Comms Hldgs, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sebastiano Petti maintains a Neutral rating on Cogent Comms Hldgs (NASDAQ:CCOI) and lowers the price target from $73 to $70.

May 13, 2024 | 2:31 pm
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NEGATIVE IMPACT
JP Morgan analyst Sebastiano Petti has maintained a Neutral rating on Cogent Communications Holdings and reduced the price target from $73 to $70.
The reduction in price target by a major analyst like JP Morgan, despite maintaining a Neutral rating, could lead to negative investor sentiment in the short term, potentially putting downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100