JP Morgan Downgrades Citizens Financial Group to Neutral, Lowers Price Target to $27
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Vivek Juneja has downgraded Citizens Financial Group (NYSE:CFG) from Overweight to Neutral and lowered the price target from $29 to $27.
June 29, 2023 | 10:40 am
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NEGATIVE IMPACT
Citizens Financial Group has been downgraded from Overweight to Neutral by JP Morgan, with a lowered price target from $29 to $27.
The downgrade from JP Morgan, a major financial institution, could negatively impact the perception of Citizens Financial Group's stock among investors. The lowered price target suggests that JP Morgan expects the stock's value to decrease in the short term, which could lead to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100