Citigroup Maintains Buy Rating for Penumbra: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Buy rating for Penumbra (NYSE:PEN) but lowered its price target from $390.00 to $320.00. Penumbra's shares are currently trading at $241.91, and a move to $320.00 would represent a 32.28% increase.
October 02, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup's maintained Buy rating and lowered price target could potentially influence Penumbra's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, while Citigroup has maintained its Buy rating for Penumbra, it has lowered its price target. This could potentially lead to increased buying activity due to the maintained Buy rating, but the lowered price target might also cause some investors to reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100