JPMorgan Places Millicom International (NASDAQ:TIGO) at Overweight with $35 Target
JPMorgan's Strategic Move on Millicom International
In a notable development, JPMorgan has upgraded Millicom International (TIGO) to an ‘overweight’ rating. This strategic decision comes with a price target of $35, effective December 2025. Such a move represents a key shift from its prior rating of not rated, indicating the bank’s growing optimism.
Implications for Investors
This upgrade is significant as it suggests that JPMorgan’s analysts predict potential growth in Millicom’s operations and market position. Investors are advised to consider this new rating carefully, especially in light of evolving market conditions.
- Price Target: $35 by December 2025
- Previous Rating: Not Rated
- Current Rating: Overweight
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