Citigroup Maintains Neutral on W.P. Carey, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Emmanuel Korchman has maintained a Neutral rating on W.P. Carey (NYSE:WPC) and lowered the price target from $75 to $69.
August 30, 2023 | 5:08 pm
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NEUTRAL IMPACT
Citigroup's analyst has maintained a Neutral rating on W.P. Carey and lowered the price target, which could influence investor sentiment towards Citigroup.
As the issuer of the rating and price target, Citigroup's reputation among investors could be influenced by the accuracy of its predictions. However, as a large multinational bank, this single rating is unlikely to have a significant impact on its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
W.P. Carey's price target has been lowered by Citigroup, which could negatively impact investor sentiment and the stock's price.
Price targets set by analysts often influence investor sentiment. A lowered price target could suggest that the analyst believes the stock is overvalued, which could lead to selling pressure and a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100