Citigroup Maintains Neutral on Velocity Financial, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich has maintained a Neutral rating on Velocity Financial (NYSE:VEL) and lowered the price target from $14 to $13.
October 06, 2023 | 3:19 pm
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Velocity Financial and lowered the price target from $14 to $13.
The news directly pertains to Velocity Financial (VEL). The lowered price target could indicate a potential decrease in the stock's value, but the maintained Neutral rating suggests that the overall outlook for the stock remains stable. Therefore, the short-term impact on the stock's price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100