Citigroup shares are trading lower after Citigroup maintained a Buy rating on the stock but lowered its price target on the stock from $209 to $170.
Portfolio Pulse from Benzinga Newsdesk
Citigroup shares are trading lower after the bank maintained a Buy rating on its own stock but lowered its price target from $209 to $170.
September 18, 2023 | 4:30 pm
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Citigroup's stock price is trading lower after the bank lowered its own price target from $209 to $170, while maintaining a Buy rating.
The lowering of the price target by Citigroup on its own stock indicates a less optimistic outlook for the stock's performance, which could lead to a decrease in its stock price in the short term. However, the maintenance of a Buy rating suggests that the bank still sees potential for growth in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100