JP Morgan Maintains Neutral on GCM Grosvenor, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington maintains a Neutral rating on GCM Grosvenor (NASDAQ:GCMG) and lowers the price target from $10.5 to $10.
August 12, 2024 | 2:32 pm
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NEGATIVE IMPACT
JP Morgan analyst Kenneth Worthington maintains a Neutral rating on GCM Grosvenor and lowers the price target from $10.5 to $10.
The lowered price target from $10.5 to $10 by a major financial institution like JP Morgan suggests a less optimistic outlook for GCM Grosvenor, which could negatively impact investor sentiment and short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100