Citigroup Downgrades MediaAlpha to Sell, Raises Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Daniel Grosslight has downgraded MediaAlpha (NYSE:MAX) from Neutral to Sell, while raising the price target from $7 to $8.
August 04, 2023 | 3:09 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup has downgraded MediaAlpha's stock from Neutral to Sell, but increased the price target from $7 to $8.
The downgrade from Neutral to Sell by Citigroup indicates a negative outlook for MediaAlpha's stock. However, the increase in price target from $7 to $8 suggests that the analyst sees some potential for the stock's price to rise in the short term. This mixed signal could lead to volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100