JP Morgan Initiates Coverage On Columbus McKinnon with Overweight Rating, Announces Price Target of $53
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has initiated coverage on Columbus McKinnon (NASDAQ:CMCO) with an Overweight rating and a price target of $53.
June 04, 2024 | 1:00 pm
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JP Morgan has initiated coverage on Columbus McKinnon with an Overweight rating and a price target of $53, indicating a positive outlook.
The Overweight rating and the price target of $53 from a major financial institution like JP Morgan suggest a positive outlook for Columbus McKinnon. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100