Keefe, Bruyette & Woods Downgrades Jackson Finl to Market Perform, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Ryan Krueger downgraded Jackson Financial (JXN) from Outperform to Market Perform while raising the price target from $75 to $80.

May 14, 2024 | 4:47 pm
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Jackson Financial was downgraded by Keefe, Bruyette & Woods from Outperform to Market Perform, though its price target was increased from $75 to $80.
The downgrade to Market Perform suggests a neutral outlook on the stock's performance, indicating that the analyst believes JXN will perform in line with the market. However, the increase in the price target from $75 to $80 suggests a positive view on the company's valuation, potentially offsetting the impact of the downgrade. This mixed signal could lead to short-term uncertainty among investors, making it difficult to predict the immediate price direction.
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IMPORTANCE 85
RELEVANCE 100