JP Morgan Maintains Overweight on Arcos Dorados Holdings, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ian Luketic maintains an Overweight rating on Arcos Dorados Holdings (NYSE:ARCO) but lowers the price target from $14 to $12.
September 13, 2024 | 3:50 pm
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JP Morgan has maintained its Overweight rating on Arcos Dorados Holdings but has lowered the price target from $14 to $12, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Arcos Dorados Holdings, but the reduction in the price target from $14 to $12 indicates a more cautious outlook on its future performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100