Citigroup Maintains Buy on Costamare, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christian Wetherbee maintains a Buy rating on Costamare (NYSE:CMRE) but lowers the price target from $13 to $11.
October 24, 2023 | 5:45 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Costamare but lowers the price target from $13 to $11.
The news is directly related to Costamare and is likely to influence investor sentiment. While the Buy rating is maintained, the lowered price target may indicate a potential decrease in the stock's value. However, the impact on the stock price is uncertain as the Buy rating may also attract investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100