Citigroup Maintains Buy on Box, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders maintains a Buy rating on Box (NYSE:BOX) but lowers the price target from $34 to $33.
August 30, 2023 | 5:04 pm
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Citigroup maintains a Buy rating on Box but lowers the price target from $34 to $33.
The news is directly related to Box as Citigroup maintains a Buy rating but lowers the price target. This could indicate a slightly less optimistic outlook for the company, but the maintained Buy rating suggests that Citigroup still sees potential in the stock. The impact on the stock price is neutral in the short term as the lowered price target could exert some downward pressure, but the maintained Buy rating could also provide support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100