JP Morgan Maintains Neutral on Pampa Energia, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rodolfo Angele maintains a Neutral rating on Pampa Energia (NYSE:PAM) but raises the price target from $47 to $55.
September 25, 2024 | 3:10 pm
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JP Morgan has maintained a Neutral rating on Pampa Energia but increased the price target from $47 to $55, indicating a positive outlook despite the neutral stance.
The increase in the price target from $47 to $55 suggests that JP Morgan sees potential upside in Pampa Energia's stock, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that the analyst does not see enough factors to warrant a more bullish stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100