JP Morgan cuts price targets on Fiverr to $10 and Lineage to $37
JP Morgan lowered its price target on Fiverr International to $10 from $11 and on Lineage to $37 from $40 on the same evening. Both ratings were kept unchanged.
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what happened
JP Morgan reduced its price target on Fiverr International shares to $10 from $11 and kept its Neutral rating. The same evening, the bank lowered its target for Lineage stock to $37 from $40 and retained its Underweight rating.
Both changes were published at 22:51 and 22:52 GMT. The original publisher is not disclosed.
why it matters
Cutting targets on two companies in the same evening suggests the bank is adjusting its valuations across several stocks at once. Market participants typically weigh such revisions against the companies' latest results and analyst commentary to understand the reasons behind them.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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