JP Morgan Maintains Neutral on CompoSecure, Raises Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains a Neutral rating on CompoSecure (NASDAQ:CMPO) but raises the price target from $8 to $12.
August 20, 2024 | 2:19 pm
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JP Morgan has maintained a Neutral rating on CompoSecure but increased the price target from $8 to $12, indicating a more optimistic outlook.
The increase in price target from $8 to $12 suggests a more positive outlook on CompoSecure's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy or sell opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100