JPMorgan Cuts Elbit Systems Price Target to $885.00

JPMorgan Chase & Co. has reduced its target price for Elbit Systems (NASDAQ:ESLT) to $885.00 from its previous estimate of $950.00, according to a research report issued on Wednesday.

The brokerage firm currently maintains a 'neutral' rating on the aerospace company's stock and suggests that there is a potential upside of 17.27% from Elbit Systems' previous close.

This adjustment comes after several other analysts have also revised their price targets for Elbit Systems. In June, Zacks Research downgraded its rating to 'hold', while Jefferies Financial Group decreased its target price by $70.00 to $880.00.