JP Morgan Maintains Overweight on NEXTracker, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse maintains an Overweight rating on NEXTracker but lowers the price target from $62 to $58.
October 17, 2024 | 2:36 pm
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NEGATIVE IMPACT
JP Morgan has maintained its Overweight rating on NEXTracker but has lowered the price target from $62 to $58, indicating a slightly less optimistic outlook.
The lowering of the price target from $62 to $58 suggests a less optimistic view on NEXTracker's short-term performance, which could lead to a negative impact on the stock price. However, the Overweight rating indicates continued confidence in the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100