JP Morgan Initiates Coverage On Archrock with Overweight Rating, Announces Price Target of $24
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has initiated coverage on Archrock (NYSE:AROC) with an Overweight rating and set a price target of $24.
September 06, 2024 | 12:12 pm
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POSITIVE IMPACT
JP Morgan's analyst Jeremy Tonet has initiated coverage on Archrock with an Overweight rating and a price target of $24, indicating a positive outlook.
The initiation of coverage with an Overweight rating and a specific price target by a major financial institution like JP Morgan is likely to positively influence investor sentiment and could lead to a short-term increase in Archrock's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100