JP Morgan Downgrades GrafTech International to Underweight
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has downgraded GrafTech International (NYSE:EAF) from Neutral to Underweight.
July 16, 2024 | 12:55 pm
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NEGATIVE IMPACT
JP Morgan analyst Bill Peterson has downgraded GrafTech International from Neutral to Underweight, indicating a negative outlook on the stock.
The downgrade from a major financial institution like JP Morgan typically signals a lack of confidence in the company's near-term performance, which can lead to a decrease in stock price as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100