Citigroup Initiates Coverage On Dow with Neutral Rating, Announces Price Target of $53
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Patrick Cunningham initiates coverage on Dow (NYSE:DOW) with a Neutral rating and announces a price target of $53.
June 14, 2023 | 8:49 am
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Citigroup initiates coverage on Dow with a Neutral rating and a price target of $53.
Citigroup's initiation of coverage on Dow with a Neutral rating suggests that the stock is fairly valued at its current price. The price target of $53 indicates that there is limited upside potential in the short term. This news is important for investors as it provides an expert opinion on the stock's valuation, but the neutral rating suggests that the stock price is likely to remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100