Citigroup Downgrades Sight Sciences to Neutral, Lowers Price Target to $9
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Joanne Wuensch has downgraded Sight Sciences (NASDAQ:SGHT) from Buy to Neutral and lowered the price target from $15 to $9.
July 10, 2023 | 11:10 am
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NEGATIVE IMPACT
Sight Sciences has been downgraded by Citigroup from Buy to Neutral, with a lowered price target of $9.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for the company. The lowered price target from $15 to $9 suggests that the analyst believes the stock is overvalued at its current price. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100