Citigroup shares are trading higher. Goldman Sachs maintained a Neutral rating on the stock and raised its price target from $47 to $52.
Portfolio Pulse from Benzinga Newsdesk
Citigroup's stock is trading higher after Goldman Sachs maintained a Neutral rating but increased the price target from $47 to $52.
December 19, 2023 | 8:07 pm
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POSITIVE IMPACT
Citigroup's stock price is positively impacted by Goldman Sachs' increased price target, despite the Neutral rating.
The increase in price target by a prominent investment bank like Goldman Sachs can be seen as a positive signal by investors, potentially leading to a short-term increase in Citigroup's stock price. The Neutral rating indicates that Goldman Sachs does not see significant downside or upside, but the raised target suggests an improved outlook for the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100