JP Morgan Reinstates Overweight on Millicom Intl Cellular, Announces $35 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Marcelo Santos has reinstated an Overweight rating on Millicom Intl Cellular (NASDAQ:TIGO) with a price target of $35.

September 06, 2024 | 12:16 pm
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JP Morgan has reinstated an Overweight rating on Millicom Intl Cellular with a $35 price target, indicating a positive outlook.
The reinstatement of an Overweight rating by a major financial institution like JP Morgan, along with a specific price target, suggests confidence in the stock's potential to perform well. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100