JP Morgan Downgrades Alight to Neutral, Announces $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Alight (NYSE:ALIT) from Overweight to Neutral, setting a price target of $8.
August 20, 2024 | 10:40 am
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JP Morgan has downgraded Alight from Overweight to Neutral, with a new price target of $8. This suggests a more cautious outlook on the stock.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan indicates a less optimistic view on Alight's future performance. The $8 price target suggests limited upside potential, which could lead to a negative short-term impact on the stock price.
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