Farfetch Limited shares are trading lower after Citigroup maintained a Sell rating on the stock but lowered its price target from $4.3 to $3.
Portfolio Pulse from Benzinga Newsdesk
Citigroup has maintained a Sell rating on Farfetch Limited shares and lowered its price target from $4.3 to $3, causing the shares to trade lower.
August 21, 2023 | 4:28 pm
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NEGATIVE IMPACT
Farfetch Limited's stock price is expected to be negatively impacted in the short term due to Citigroup's maintained Sell rating and lowered price target.
Citigroup's maintained Sell rating and lowered price target on Farfetch Limited shares indicate a negative outlook for the company's stock. This is likely to lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100