JP Morgan Maintains Overweight on NEXTracker, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse maintains an Overweight rating on NEXTracker (NASDAQ:NXT) but lowers the price target from $65 to $62.
August 02, 2024 | 9:36 pm
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JP Morgan analyst Mark Strouse maintains an Overweight rating on NEXTracker but lowers the price target from $65 to $62.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on NXT's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100