Barclays Downgrades Citizens Financial Group to Equal-Weight, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg has downgraded Citizens Financial Group (CFG) from Overweight to Equal-Weight while increasing the price target from $38 to $40.
January 02, 2024 | 10:08 am
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Citizens Financial Group was downgraded by Barclays from Overweight to Equal-Weight, although the price target was raised from $38 to $40.
The downgrade to Equal-Weight suggests that Barclays sees limited upside potential for CFG, aligning it with the market average. However, the increase in the price target to $40 indicates a slightly more optimistic view on the stock's value. The mixed nature of this update may lead to neutral short-term price movement as the market digests both the downgrade and the increased price target.
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IMPORTANCE 75
RELEVANCE 100