Citigroup Maintains Neutral on Empire State Realty Trust, Raises Price Target to $7.25
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Michael Bilerman maintains a Neutral rating on Empire State Realty Trust (NYSE:ESRT) and raises the price target from $6.25 to $7.25.

June 15, 2023 | 1:13 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Empire State Realty Trust and raises the price target from $6.25 to $7.25.
Citigroup's decision to maintain a Neutral rating on Empire State Realty Trust (ESRT) indicates that the analyst does not see significant upside or downside potential in the short term. However, the raised price target from $6.25 to $7.25 suggests a slightly more positive outlook on the stock. This news may not have a strong impact on the stock price in the short term, but it could influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100