Citigroup Maintains Buy on Luminar Technologies, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a 'Buy' rating on Luminar Technologies (NASDAQ:LAZR), but lowered the price target from $18 to $17.
August 16, 2023 | 3:28 pm
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Citigroup has maintained a 'Buy' rating on Luminar Technologies, but lowered the price target from $18 to $17.
The news is directly related to Luminar Technologies. While the 'Buy' rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact on the stock price is uncertain as the rating is still 'Buy'.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100