Citigroup Downgrades Grupo Aeroportuario to Sell, Lowers Price Target to $222
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Stephen Trent has downgraded Grupo Aeroportuario (NYSE:ASR) from Neutral to Sell and reduced the price target from $228 to $222.
November 28, 2023 | 10:33 am
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Grupo Aeroportuario was downgraded by Citigroup from Neutral to Sell, and the price target was lowered from $228 to $222.
Downgrades by major analysts like Citigroup can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The reduction in the price target further suggests a bearish outlook on the stock's value, which may influence investor sentiment and trading behavior.
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