Citigroup Downgrades Charles River to Neutral, Lowers Price Target to $225
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Patrick Donnelly has downgraded Charles River (NYSE:CRL) from Buy to Neutral and lowered the price target from $260 to $225.
July 10, 2023 | 11:29 am
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Charles River's stock rating has been downgraded by Citigroup from Buy to Neutral, with a reduced price target of $225.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for Charles River's stock. The lowering of the price target from $260 to $225 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100