Citigroup Maintains Neutral on Manitowoc Co, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Timothy Thein has maintained a Neutral rating on Manitowoc Co (NYSE:MTW) and lowered the price target from $20 to $17.
September 22, 2023 | 2:24 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Manitowoc Co and lowered the price target from $20 to $17.
The lowered price target indicates that the analyst sees less upside potential for the stock, which could lead to a negative sentiment among investors. However, the maintained Neutral rating suggests that the analyst does not see significant downside risk either, which could balance out the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100