Citigroup Reiterates Neutral on Comtech Telecom, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Asiya Merchant has reiterated a Neutral rating on Comtech Telecom (NASDAQ:CMTL) and lowered the price target from $16.5 to $14.
June 09, 2023 | 4:45 pm
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NEUTRAL IMPACT
Citigroup analyst Asiya Merchant reiterated a Neutral rating on Comtech Telecom and lowered the price target from $16.5 to $14.
The news directly mentions Comtech Telecom (CMTL) and the lowered price target by Citigroup analyst Asiya Merchant. The Neutral rating remains unchanged, indicating no significant change in the stock's outlook. However, the lowered price target may cause some investors to reevaluate their positions, but the overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100