Citi Trends shares are trading higher after Craig-Hallum upgraded the stock from Hold to Buy and raised its price target from $18 to $32.
Portfolio Pulse from Benzinga Newsdesk
Citi Trends shares are trading higher following an upgrade from Craig-Hallum, which changed its rating from Hold to Buy and increased its price target from $18 to $32.
August 23, 2023 | 5:53 pm
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Citi Trends' stock has been upgraded by Craig-Hallum from Hold to Buy, with a raised price target from $18 to $32, leading to a rise in share prices.
The upgrade from Craig-Hallum is a positive signal for investors, indicating increased confidence in the company's performance. The raised price target suggests that the analyst sees significant upside potential, which is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100