Citigroup Maintains Buy on Enviva, Lowers Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Ryan Levine has maintained a 'Buy' rating on Enviva (NYSE:EVA) but lowered the price target from $32 to $20.
July 11, 2023 | 2:17 pm
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NEUTRAL IMPACT
Citigroup analyst has maintained a 'Buy' rating on Enviva but lowered the price target.
The news is related to Citigroup as it's their analyst who has given the rating and price target. However, it's unlikely to have a significant impact on Citigroup's stock as it's part of their regular operations.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Citigroup has maintained a 'Buy' rating on Enviva but lowered the price target from $32 to $20.
The news is directly related to Enviva and is likely to impact its stock price. While the 'Buy' rating is positive, the lowering of the price target may have a negative impact. However, the overall impact is neutral as the lowered price target might already be factored into the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100