Citigroup Downgrades Core Laboratories to Sell, Lowers Price Target to $21
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Scott Gruber has downgraded Core Laboratories (NYSE:CLB) from Neutral to Sell and lowered the price target from $22 to $21.

June 30, 2023 | 10:39 am
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Citigroup has downgraded Core Laboratories from Neutral to Sell and lowered the price target from $22 to $21.
The downgrade from Citigroup, a major financial institution, could negatively impact investor sentiment towards Core Laboratories. The lowering of the price target suggests that Citigroup believes the stock is overvalued at its current price, which could lead to a sell-off.
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IMPORTANCE 80
RELEVANCE 100