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 11, 2023 | 2:12 pm
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Charles River has been downgraded by Citigroup from Buy to Neutral, with a lowered price target of $225.
The downgrade from Buy to Neutral by Citigroup, a major financial institution, could negatively impact investor sentiment towards Charles River. The lowering of the price target from $260 to $225 further indicates a less optimistic outlook for the company's stock, potentially leading to a decrease in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100