Citigroup Downgrades CI&T to Neutral, Raises Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Ashwin Shirvaikar has downgraded CI&T (NYSE:CINT) from Buy to Neutral, while raising the price target from $6 to $7.
July 25, 2023 | 10:47 am
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NEUTRAL IMPACT
CI&T has been downgraded from Buy to Neutral by Citigroup, but the price target has been raised from $6 to $7.
The downgrade from Buy to Neutral suggests that Citigroup sees less upside potential in CI&T's stock, which could lead to a slowdown in buying pressure. However, the increase in price target from $6 to $7 indicates that Citigroup still sees some potential for the stock's price to rise, albeit at a slower pace. This mixed signal could lead to a neutral short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100