Citigroup Maintains Neutral Rating for Root: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for Root (NASDAQ:ROOT) and raised its price target from $5.00 to $11.00. Root's shares are currently trading up 6.1% at $9.57 per share. A move to $11.00 would account for a 14.94% increase from the current share price.
August 23, 2023 | 5:01 pm
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Citigroup has maintained its Neutral rating for Root and raised its price target. This could potentially lead to an increase in Root's share price.
Citigroup's decision to maintain its Neutral rating and raise the price target for Root indicates a positive outlook for the company. This could potentially lead to an increase in Root's share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100