Oppenheimer Maintains Outperform on Carlyle Group, Lowers Price Target to $58
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Chris Kotowski has maintained an 'Outperform' rating on Carlyle Group (NASDAQ:CG) but lowered the price target from $60 to $58.
August 04, 2023 | 1:04 pm
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Carlyle Group's price target has been lowered from $60 to $58 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside for the stock, which could counterbalance the negative sentiment to some extent.
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IMPORTANCE 70
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