JP Morgan Downgrades Piedmont Lithium to Underweight, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Piedmont Lithium (NASDAQ:PLL) from Neutral to Underweight and reduced its price target from $9 to $8.
October 21, 2024 | 11:04 am
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NEGATIVE IMPACT
JP Morgan analyst Bill Peterson has downgraded Piedmont Lithium from Neutral to Underweight, reducing the price target from $9 to $8. This suggests a bearish outlook on the stock.
The downgrade from Neutral to Underweight by a major financial institution like JP Morgan indicates a negative outlook on Piedmont Lithium's stock. The reduction in the price target from $9 to $8 further supports this bearish sentiment, likely leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100