Citigroup Downgrades PTC Therapeutics to Sell, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst David Lebovitz has downgraded PTC Therapeutics from Neutral to Sell and lowered the price target from $29 to $17.
October 27, 2023 | 10:43 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
PTC Therapeutics has been downgraded from Neutral to Sell by Citigroup, with a lowered price target from $29 to $17.
The downgrade from Citigroup, a major financial institution, could negatively impact investor sentiment towards PTC Therapeutics. The lowered price target suggests that Citigroup believes the stock is overvalued at its current price, which could lead to a sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100