JPMorgan Chase & Co. Has Lowered Expectations for Ivanhoe Electric (NYSEAMERICAN:IE) Stock Price
JPMorgan Chase & Co. has lowered its price target for Ivanhoe Electric (NYSEAMERICAN:IE) from $22.00 to $21.00, while maintaining an "overweight" rating. This new target suggests a potential upside of 62.84% from the current stock price. Despite insider selling by the CFO and VP, large institutional investors like Price T. Rowe, Alyeska, Vanguard, and State Street have been accumulating shares, increasing institutional ownership to 79.05%.