Citigroup Downgrades Telephone and Data to Neutral, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Michael Rollins has downgraded Telephone and Data Systems (NYSE:TDS) from Buy to Neutral and lowered the price target from $14 to $8.
July 17, 2023 | 11:11 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup's downgrade of TDS from Buy to Neutral and reduction of the price target could potentially impact the stock's short-term performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. The downgrade from Buy to Neutral indicates a less optimistic outlook for TDS, which could lead to selling pressure. The lowered price target from $14 to $8 also suggests that the analyst sees less upside potential, which could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100