Citigroup Maintains Buy on Allego, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Buy rating on Allego (NYSE:ALLG) but lowers the price target from $9 to $8.
June 20, 2023 | 4:33 pm
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NEUTRAL IMPACT
Citigroup maintains Buy rating on Allego (NYSE:ALLG) but lowers price target from $9 to $8.
The news of Citigroup maintaining a Buy rating on Allego indicates a positive outlook for the company. However, the lowering of the price target from $9 to $8 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100