Citigroup Maintains Buy on Outfront Media, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has maintained a 'Buy' rating on Outfront Media (NYSE:OUT) but lowered the price target from $21 to $18.
August 14, 2023 | 2:03 pm
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NEUTRAL IMPACT
Outfront Media's price target has been lowered by Citigroup from $21 to $18, though the 'Buy' rating is maintained.
The lowering of the price target by Citigroup could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100