Citigroup Reinstates Neutral on Corebridge Financial, Announces $19 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Michael Ward has reinstated Corebridge Financial (NYSE:CRBG) with a Neutral rating and announced a $19 price target.
July 11, 2023 | 1:17 pm
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NEUTRAL IMPACT
Citigroup analyst Michael Ward has reinstated Corebridge Financial with a Neutral rating and a $19 price target.
As the issuer of the rating and price target, this news reflects on Citigroup's analysis capabilities. However, as it is not directly about Citigroup's own operations or performance, the impact on its stock is likely to be minimal.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Citigroup has reinstated Corebridge Financial with a Neutral rating and a $19 price target.
The reinstatement of a Neutral rating by Citigroup indicates that the bank does not expect significant price movement in the short term. The $19 price target suggests that Citigroup believes the stock is fairly valued at this price. This could potentially limit the upside for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100