JP Morgan Maintains Underweight on Qorvo, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Peter Peng maintains an Underweight rating on Qorvo and lowers the price target from $115 to $95.
October 30, 2024 | 4:55 pm
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NEGATIVE IMPACT
JP Morgan has maintained an Underweight rating on Qorvo and reduced its price target from $115 to $95, indicating a bearish outlook.
The reduction in price target from $115 to $95 by JP Morgan suggests a negative outlook on Qorvo's stock performance. Maintaining an Underweight rating further indicates that the analyst expects the stock to underperform relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100