JP Morgan Reiterates Neutral on Ferro, Slashes PT to $11

JP Morgan reiterated its Neutral rating on Ferro FOE. At the same time, the rating agency reduced its price target on the company's stock from $16 to $11. On Tuesday, FOE had a disastrous session as its shares lost 24.19% of their value to end the day at $9.81. Its shares started to recover in today's pre-market trading, rising 2.45% to stand around $10.05.