JP Morgan Maintains Underweight on CVR Energy, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Phil Gresh maintains an Underweight rating on CVR Energy and lowers the price target from $26 to $23.
October 02, 2024 | 3:41 pm
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JP Morgan analyst Phil Gresh has maintained an Underweight rating on CVR Energy and reduced the price target from $26 to $23, indicating a bearish outlook.
The maintenance of an Underweight rating and the reduction of the price target from $26 to $23 by JP Morgan suggests a negative outlook on CVR Energy's stock performance. This is likely to lead to a short-term decrease in the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100