JP Morgan Downgrades Hello Gr to Neutral, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Daniel Chen has downgraded Hello Gr (NASDAQ:MOMO) from Overweight to Neutral and lowered the price target from $13 to $6.
June 03, 2024 | 1:21 pm
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NEGATIVE IMPACT
JP Morgan analyst Daniel Chen downgraded Hello Gr from Overweight to Neutral and significantly lowered the price target from $13 to $6.
The downgrade from Overweight to Neutral and the substantial reduction in the price target from $13 to $6 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and the stock price of Hello Gr in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100