JPMorgan Cuts Price Target for Garrett Motion by 5% Amid Mixed Analyst Sentiment

JPMorgan Chase & Co. has reduced its price target for Garrett Motion (NASDAQ:GTX) from $37.00 to $35.00, according to a report issued by Benzinga on Tuesday.

This adjustment indicates a potential upside of 36.20% from the stock's current price. The brokerage currently maintains an 'overweight' rating on the stock.

Other research analysts have also weighed in on Garrett Motion, with some upgrading their ratings and others downgrading them. For example, Zacks Research upgraded the company to a 'strong-buy' rating, while Wall Street Zen downgraded it from a 'strong-buy' rating to a 'buy' rating.