Stocks
JPMorgan Cuts Gentex Price Target to $27.00
JPMorgan Chase & Co. has revised its price target for Gentex (NASDAQ:GNTX) from $28.00 to $27.00, indicating a potential upside of 13.23% from the stock's previous close.
The firm currently maintains a 'neutral' rating on the auto parts company's stock, which has been subject to various analyst reviews in recent months.
On Monday, JPMorgan Chase & Co. released its report cutting the price target for Gentex. This news follows Weiss Ratings upgrading the company from a 'hold (c-)' rating to a 'hold (c)' rating on June 23rd. However, other analysts have also revised their views, including UBS Group, which reiterated a 'neutral' rating and issued a $25.00 target price down from $26.00 in its report on July 9th.