Citigroup Upgrades Liberty Formula One Group to Buy, Maintains Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has upgraded Liberty Formula One Group (NASDAQ:FWONA) from Neutral to Buy, while maintaining the price target at $71.
October 06, 2023 | 3:30 pm
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Citigroup's upgrade of Liberty Formula One Group to Buy could potentially boost the company's stock in the short term.
Analyst ratings often influence the market's perception of a stock. An upgrade from Neutral to Buy indicates a positive outlook for the company, which could lead to an increase in the stock's price. The maintained price target of $71 suggests that the analyst believes the stock is undervalued at its current price.
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