Citigroup Maintains Neutral on YPF, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andres Cardona has maintained a Neutral rating on YPF (NYSE:YPF) and increased the price target from $16 to $20.
November 27, 2023 | 2:33 pm
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POSITIVE IMPACT
Citigroup has maintained a Neutral rating on YPF but raised the price target from $16 to $20, indicating a positive outlook on the stock's value.
The increase in price target from $16 to $20 by Citigroup suggests an improved valuation of YPF, which could lead to increased investor interest and a potential rise in the stock price in the short term. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at current levels, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100