Citigroup Maintains Neutral on Velocity Financial, Raises Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Arren Cyganovich has maintained a Neutral rating on Velocity Financial (NYSE:VEL) and raised the price target from $10 to $12.
July 10, 2023 | 2:31 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Velocity Financial and raised the price target from $10 to $12.
The news directly pertains to Velocity Financial (VEL). The raised price target indicates a positive outlook, but the maintained Neutral rating suggests that the stock is not expected to outperform the market in the short term. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100