JP Morgan Downgrades Sendas Distribuidora to Neutral, Announces $10.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Giordano has downgraded Sendas Distribuidora (NYSE:ASAI) from Overweight to Neutral, setting a price target of $10.5.
September 09, 2024 | 6:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan has downgraded Sendas Distribuidora from Overweight to Neutral, with a new price target of $10.5. This suggests a more cautious outlook on the stock.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan indicates a shift to a more cautious stance on ASAI. The new price target of $10.5 suggests limited upside potential, which could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100