Nu Holdings shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral but raised its price target from $12 to $14.5.
Portfolio Pulse from Benzinga Newsdesk
Nu Holdings shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral but raised its price target from $12 to $14.5.
July 22, 2024 | 2:25 pm
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NEGATIVE IMPACT
Nu Holdings shares are trading lower following a downgrade by JP Morgan from Overweight to Neutral. Despite the downgrade, JP Morgan raised its price target for the stock from $12 to $14.5.
The downgrade from Overweight to Neutral by JP Morgan is likely causing the stock to trade lower in the short term, despite the raised price target. Downgrades typically signal reduced confidence in the stock's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100