J.P. Morgan Reiterates Neutral On GeoEye (GEOY)

J.P. Morgan reiterated its Neutral rating on GeoEye GEOY in a research report published today. In the report, J.P. Morgan states, "We maintain our Neutral rating on GEOY ahead of 1Q results. We do not see near-term catalysts, and we see gradually mounting risk associated with the GeoEye-2 satellite preparations. That said, the company is positioned very well with a long-term perspective, and the recent pullback (down 12.1% since March 31 vs. S&P 500 up 2.6%) is making the stock somewhat more attractive for long-term investors, in our view. We believe investors should keep this stock on their radar and look for a further pullback to add to positions. Price target $42.50." In today's trading, GeoEye lost 1.86% and currently trades at $34.28.