GrafTech International shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight.
Portfolio Pulse from Benzinga Newsdesk
GrafTech International shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight.
July 16, 2024 | 1:13 pm
News sentiment analysis
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NEGATIVE IMPACT
JP Morgan downgraded GrafTech International from Neutral to Underweight, causing the stock to trade lower.
The downgrade by a major financial institution like JP Morgan typically leads to a negative sentiment among investors, causing the stock price to drop. The downgrade from Neutral to Underweight suggests a bearish outlook on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100