Citigroup Downgrades Cano Health to Neutral, Lowers Price Target to $0.8
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Jason Cassorla has downgraded Cano Health (NYSE:CANO) from Buy to Neutral and lowered the price target from $4 to $0.8.

August 11, 2023 | 9:37 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Cano Health's stock rating has been downgraded by Citigroup from Buy to Neutral, with a lowered price target of $0.8.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for Cano Health's stock. The significant reduction in the price target from $4 to $0.8 suggests that the analyst expects a substantial decrease in the stock's value. This could negatively impact investor sentiment and potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100