Latest Stocks: JPMorgan Chase & Co. Initiates Coverage on Netshoes (CAYMAN) Ltd (NETS)

Latest Stocks: JPMorgan Chase & Co. Initiates Coverage on Netshoes (CAYMAN) Ltd (NETS)

Analysts at JPMorgan Chase & Co. started coverage on shares of Netshoes (CAYMAN) Ltd (NASDAQ:NETS) in a note issued to investors on Monday, May 15th, StockTargetPrices.com reports. The firm set an “overweight” rating and a $18.00 price target on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 17.73% from the stock’s current price.

A number of other brokerages also recently weighed in on NETS. Bradesco Corretora restated an “outperform” rating and set a $26.00 price objective on shares of Netshoes (CAYMAN) in a research report on Tuesday, May 9th. Goldman Sachs Group Inc assumed coverage on shares of Netshoes (CAYMAN) in a research report on Monday, May 15th. They set a “buy” rating and a $24.50 price objective on the stock. Finally, Jefferies Group LLC assumed coverage on shares of Netshoes (CAYMAN) in a research report on Monday, May 8th. They set a “buy” rating and a $19.00 price objective on the stock.

Shares of Netshoes (NASDAQ NETS) opened at 21.88 on Monday. The company’s market cap is $457.27 million. Netshoes has a 12-month low of $12.49 and a 12-month high of $26.96. The company has a 50 day moving average of $17.36 and a 200-day moving average of $17.28. Netshoes (CAYMAN) Company Profile

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