JP Morgan Maintains Neutral on Carlyle Group, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington maintains a Neutral rating on Carlyle Group (NASDAQ:CG) but raises the price target from $44 to $50.
October 23, 2024 | 5:09 pm
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JP Morgan has maintained a Neutral rating on Carlyle Group but increased the price target from $44 to $50, indicating a positive outlook on the stock's potential.
The increase in price target from $44 to $50 by JP Morgan suggests a positive outlook for Carlyle Group's stock, despite the Neutral rating. This could lead to a short-term positive impact on the stock price as investors may perceive the raised target as a sign of potential growth.
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IMPORTANCE 80
RELEVANCE 100