JPMorgan Chase Initiates Coverage on Resideo Technologies with Neutral Rating

JPMorgan Chase & Co., a prominent financial institution, initiated coverage on Resideo Technologies (NYSE:REZI) in a report released on Friday. The brokerage set a 'neutral' rating and a $30.00 price target on the stock, indicating a potential upside of 16.70% from the company's previous close.

This is not the first time Resideo Technologies has been in the spotlight. Several research reports have been published recently, with varying opinions on the company's performance. Zacks Research lowered shares of Resideo Technologies from a 'hold' rating to a 'strong sell' rating, while Morgan Stanley reduced their target price on shares from $50.00 to $45.00.

On the other hand, Seaport Research Partners started coverage on Resideo Technologies with a 'buy' rating and a $55.00 price objective for the company. The average rating among analysts is currently 'hold', with an average price target of $41.00.