JP Morgan Downgrades EchoStar to Underweight, Maintains Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Philip Cusick has downgraded EchoStar (NASDAQ:SATS) from Neutral to Underweight while maintaining the price target at $12.
August 12, 2024 | 10:35 am
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JP Morgan analyst Philip Cusick has downgraded EchoStar from Neutral to Underweight, maintaining the price target at $12.
The downgrade from Neutral to Underweight by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and could lead to a short-term decline in EchoStar's stock price.
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