Citigroup Downgrades Cedar Fair to Neutral, Lowers Price Target to $41
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst James Hardiman has downgraded Cedar Fair (NYSE:FUN) from Buy to Neutral and lowered the price target from $50 to $41.
July 07, 2023 | 9:31 am
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Cedar Fair has been downgraded by Citigroup from Buy to Neutral, with a lowered price target of $41, down from $50.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for Cedar Fair. The lowered price target from $50 to $41 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100