Citigroup Maintains Neutral on Heliogen, Lowers Price Target to $0.25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Neutral rating on Heliogen (NYSE:HLGN) and lowers the price target from $0.29 to $0.25.

June 12, 2023 | 4:27 pm
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NEGATIVE IMPACT
Citigroup analyst Scott Gruber maintains a Neutral rating on Heliogen and lowers the price target from $0.29 to $0.25.
The lowered price target by Citigroup analyst Scott Gruber may have a negative short-term impact on Heliogen's stock price. Investors may perceive the reduced target as a sign of lower growth potential or increased risk, which could lead to selling pressure and a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100