JP Morgan Downgrades Booz Allen Hamilton to Underweight, Raises Price Target to $158
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Seth Seifman has downgraded Booz Allen Hamilton from Neutral to Underweight, while raising the price target from $154 to $158.
October 02, 2024 | 1:15 pm
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NEGATIVE IMPACT
JP Morgan has downgraded Booz Allen Hamilton from Neutral to Underweight, indicating a less favorable view on the stock. However, the price target has been raised to $158, suggesting some positive outlook.
The downgrade to Underweight suggests a negative short-term outlook, which could lead to a decrease in stock price. However, the raised price target to $158 indicates some positive long-term expectations. The mixed signals may cause short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100