Citigroup Downgrades Crestwood Equity Partners to Neutral, Lowers Price Target to $28
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Spiro Dounis has downgraded Crestwood Equity Partners (NYSE:CEQP) from Buy to Neutral and lowered the price target from $30 to $28.

August 04, 2023 | 12:39 pm
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Crestwood Equity Partners has been downgraded from Buy to Neutral by Citigroup, with a lowered price target of $28.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for Crestwood Equity Partners. The lowered price target from $30 to $28 also 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