JP Morgan Maintains Neutral on Forestar Group, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Rehaut maintains a Neutral rating on Forestar Group (NYSE:FOR) but lowers the price target from $37.5 to $36.
July 25, 2024 | 2:25 pm
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JP Morgan analyst Michael Rehaut maintains a Neutral rating on Forestar Group but lowers the price target from $37.5 to $36.
The lowered price target from $37.5 to $36 suggests a less optimistic outlook for Forestar Group, which could lead to a short-term negative impact on the stock price. However, the Neutral rating indicates that the analyst does not foresee significant downside risk.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100