Citigroup Maintains Neutral on Wolfspeed, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik maintains a Neutral rating on Wolfspeed (NYSE:WOLF) and lowers the price target from $60 to $48.
May 19, 2023 | 10:02 am
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NEGATIVE IMPACT
Citigroup analyst Atif Malik maintains a Neutral rating on Wolfspeed and lowers the price target from $60 to $48.
The lowered price target by Citigroup analyst Atif Malik indicates a less optimistic outlook for Wolfspeed's stock price in the short term. This may lead to a negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100