JP Morgan Initiates Coverage On Amkor Tech with Overweight Rating, Announces Price Target of $48
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has initiated coverage on Amkor Tech (NASDAQ:AMKR) with an Overweight rating and set a price target of $48.
July 01, 2024 | 2:18 pm
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JP Morgan has initiated coverage on Amkor Tech with an Overweight rating and a price target of $48, indicating a positive outlook for the stock.
The Overweight rating and the $48 price target from a reputable financial institution like JP Morgan suggest a positive outlook for Amkor Tech. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100