JP Morgan Downgrades Noah Holdings to Neutral, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Katherine Lei has downgraded Noah Holdings (NYSE:NOAH) from Overweight to Neutral and lowered the price target from $18 to $13.
May 30, 2024 | 1:21 pm
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JP Morgan analyst Katherine Lei downgraded Noah Holdings from Overweight to Neutral and reduced the price target from $18 to $13.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $18 to $13 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and the stock price of Noah Holdings in the short term.
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