Citigroup Maintains Neutral on Dow, Raises Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Patrick Cunningham maintains a Neutral rating on Dow (NYSE:DOW) and raises the price target from $53 to $55.
July 12, 2023 | 1:35 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Dow and raises the price target from $53 to $55, which could potentially attract investors.
The raised price target by Citigroup indicates a positive outlook for Dow. However, the Neutral rating suggests that the stock is expected to perform in line with the market or other comparable stocks. Therefore, while the news might attract some investors, it's not necessarily a strong buy signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100