Joby Aviation shares are trading lower after JP Morgan maintains its Neutral rating on the stock and lowers its price target from $6 to $5 a share.
Portfolio Pulse from Benzinga Newsdesk
Joby Aviation's stock is trading lower following JP Morgan's decision to maintain a Neutral rating and lower the price target from $6 to $5.
October 29, 2024 | 6:09 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on Joby Aviation and reduced its price target from $6 to $5, leading to a decline in the stock price.
The reduction in price target by a major financial institution like JP Morgan can negatively impact investor sentiment, leading to a decline in the stock price. The Neutral rating suggests no strong positive catalysts are expected in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100