JP Morgan Downgrades Consensus Cloud Solns to Underweight, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Anne Samuel has downgraded Consensus Cloud Solutions (NASDAQ:CCSI) from Neutral to Underweight, while raising the price target from $19 to $21.
September 09, 2024 | 12:37 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
JP Morgan has downgraded Consensus Cloud Solutions from Neutral to Underweight, indicating a less favorable view on the stock. However, the price target has been raised to $21, suggesting some potential for price appreciation.
The downgrade to Underweight suggests a negative outlook on CCSI's performance, which could lead to a short-term decline in stock price. However, the raised price target to $21 indicates some potential for future growth, creating mixed signals for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100