Citigroup Maintains Neutral on Navient, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich has maintained a Neutral rating on Navient (NASDAQ:NAVI) and lowered the price target from $19 to $18.
October 06, 2023 | 3:27 pm
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NEGATIVE IMPACT
Navient's price target has been lowered by Citigroup from $19 to $18, while maintaining a Neutral rating.
The lowering of the price target by a major financial institution like Citigroup could negatively impact investor sentiment towards Navient, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Citigroup's analyst has maintained a Neutral rating on Navient and lowered the price target, which could influence investor sentiment towards Citigroup.
As the entity providing the rating and price target, Citigroup's reputation and perceived analytical accuracy could be influenced by this action. However, as it is not a direct action by Citigroup, the impact is likely to be moderate.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50