JP Morgan Maintains Overweight on Amkor Tech, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Peter Peng maintains an Overweight rating on Amkor Tech but lowers the price target from $48 to $42.
October 29, 2024 | 3:03 pm
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JP Morgan has maintained its Overweight rating on Amkor Tech but reduced the price target from $48 to $42, indicating a more cautious outlook.
The reduction in the price target from $48 to $42 suggests a more cautious outlook on Amkor Tech's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100