EchoStar shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and TD Cowen lowered its price target from $38 to $37.
Portfolio Pulse from Benzinga Newsdesk
EchoStar shares are trading lower following a downgrade by JP Morgan from Neutral to Underweight and a price target reduction by TD Cowen from $38 to $37.
August 12, 2024 | 4:18 pm
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NEGATIVE IMPACT
EchoStar (SATS) shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight and TD Cowen reduced its price target from $38 to $37.
The downgrade by JP Morgan and the price target reduction by TD Cowen are likely to negatively impact investor sentiment and lead to a short-term decline in EchoStar's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100