Citigroup Maintains Buy on Pegasystems, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Buy rating on Pegasystems (NASDAQ:PEGA) but lowers the price target from $72 to $70.
July 28, 2023 | 1:13 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Pegasystems but lowers the price target from $72 to $70.
The news is directly related to Pegasystems. While the Buy rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact is likely to be neutral as the rating is still a Buy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100