JP Morgan Downgrades CenterPoint Energy to Neutral, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded CenterPoint Energy (NYSE:CNP) from Overweight to Neutral and lowered the price target from $32 to $29.
August 02, 2024 | 10:57 am
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NEGATIVE IMPACT
JP Morgan analyst Jeremy Tonet has downgraded CenterPoint Energy from Overweight to Neutral and reduced the price target from $32 to $29.
The downgrade from Overweight to Neutral and the reduction in the price target from $32 to $29 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and short-term stock price performance for CenterPoint Energy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100