Citigroup Downgrades Genpact to Neutral, Lowers Price Target to $42
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Ashwin Shirvaikar has downgraded Genpact (NYSE:G) from Buy to Neutral and lowered the price target from $46 to $42.
July 18, 2023 | 9:28 am
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NEUTRAL IMPACT
Citigroup's analyst Ashwin Shirvaikar has downgraded Genpact and lowered its price target.
As the issuer of the downgrade and revised price target, this news is relevant to Citigroup. However, it's not expected to have a significant impact on Citigroup's own stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Genpact's rating has been downgraded from Buy to Neutral by Citigroup, with a lowered price target of $42.
The downgrade from Buy to Neutral indicates a less optimistic outlook for Genpact's stock. The lowered price target from $46 to $42 suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100