JP Morgan Downgrades Organon to Underweight, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Chris Schott has downgraded Organon (NYSE:OGN) from Neutral to Underweight, while raising the price target from $18 to $20.
September 06, 2024 | 12:18 pm
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JP Morgan has downgraded Organon from Neutral to Underweight, indicating a less favorable view on the stock. However, the price target has been raised to $20, suggesting some potential for price appreciation.
The downgrade to Underweight suggests a negative outlook on Organon's stock performance, which could lead to a short-term price decline. However, the raised price target to $20 indicates some potential for future gains, creating mixed signals for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100