JP Morgan Maintains Overweight on Telephone and Data, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sebastiano Petti maintains an Overweight rating on Telephone and Data Systems (NYSE:TDS), while lowering the price target from $38 to $36.
May 13, 2024 | 2:47 pm
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JP Morgan has maintained its Overweight rating on Telephone and Data Systems but reduced the price target from $38 to $36.
The adjustment in price target by a major analyst like JP Morgan can have a mixed impact on TDS's stock. While maintaining an Overweight rating suggests a positive outlook, the reduction in price target could signal a tempered expectation for the stock's performance. Investors might react cautiously to this news, balancing the positive rating against the lowered price expectations.
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IMPORTANCE 70
RELEVANCE 90