Noah Holdings shares are trading lower after the company reported Q1 earnings. JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $18 to $13.
Portfolio Pulse from Benzinga Newsdesk
Noah Holdings shares are trading lower after the company reported Q1 earnings. JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $18 to $13.
May 30, 2024 | 1:34 pm
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Noah Holdings shares are trading lower after the company reported Q1 earnings. JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $18 to $13.
The downgrade from JP Morgan and the reduction in the price target from $18 to $13 are likely to negatively impact investor sentiment and lead to a short-term decline in Noah Holdings' stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100