Citigroup Downgrades RPC to Sell, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Scott Gruber downgrades RPC (NYSE:RES) from Neutral to Sell and lowers the price target from $8.25 to $7.
June 16, 2023 | 11:19 am
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Citigroup downgrades RPC (NYSE:RES) to Sell and lowers the price target from $8.25 to $7.
Citigroup's downgrade of RPC from Neutral to Sell and the lowering of the price target from $8.25 to $7 indicates a negative outlook for the stock. This could lead to a short-term decline in the stock price as investors react to the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100