Citigroup Maintains Sell on ContextLogic, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich has maintained a 'Sell' rating on ContextLogic (NASDAQ:WISH) and lowered the price target from $7 to $5.
August 08, 2023 | 3:41 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Citigroup has maintained a 'Sell' rating on ContextLogic and lowered the price target from $7 to $5, which could negatively impact the stock's price.
The 'Sell' rating maintained by Citigroup and the lowering of the price target indicates a bearish outlook for ContextLogic. This could lead to a decrease in the stock's price as investors may sell their shares due to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100