Citigroup Upgrades Fortrea Holdings to Buy, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Donnelly upgraded Fortrea Holdings (NASDAQ: FTRE) from Neutral to Buy and increased the price target from $34 to $40.
December 11, 2023 | 12:19 pm
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POSITIVE IMPACT
Citigroup upgraded Fortrea Holdings from Neutral to Buy and raised the price target from $34 to $40, indicating a positive outlook on the company's future performance.
Upgrades by major analysts like Citigroup can lead to increased investor confidence and can result in a short-term price increase as market participants may adjust their positions based on the new information. The raise in price target further strengthens the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100