Citigroup Upgrades Insulet to Buy, Lowers Price Target to $265
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Joanne Wuensch has upgraded Insulet (NASDAQ:PODD) from Neutral to Buy, but lowered the price target from $273 to $265.
August 21, 2023 | 9:34 am
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Insulet's stock rating has been upgraded to Buy by Citigroup, indicating a positive outlook. However, the price target has been lowered from $273 to $265.
The upgrade from Neutral to Buy indicates that Citigroup sees potential for growth in Insulet's stock. However, the lowering of the price target suggests that while they expect the stock to perform well, it may not reach the previous target of $273. This could lead to increased buying activity in the short term, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100