Citigroup Maintains Neutral Rating for Cedar Fair: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for Cedar Fair (NYSE:FUN) but lowered its price target from $43.00 to $40.00. Cedar Fair's shares are currently trading at $36.05, up 0.92% over the last 24 hours. A move to $40.00 would represent a 10.96% increase from the current share price.
October 13, 2023 | 5:00 pm
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NEUTRAL IMPACT
Citigroup has maintained its Neutral rating for Cedar Fair but lowered its price target. This could potentially impact investor sentiment and the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and the stock's price. While the maintenance of the Neutral rating suggests that Citigroup does not expect significant changes in Cedar Fair's performance, the lowering of the price target could be interpreted as a less optimistic outlook, potentially impacting the stock's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100