Citigroup Downgrades Consensus Cloud Solutions to Sell, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Fatima Boolani has downgraded Consensus Cloud Solutions (CCSI) from Neutral to Sell and reduced the price target from $25 to $20.
January 09, 2024 | 4:58 pm
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NEGATIVE IMPACT
Citigroup analyst Fatima Boolani downgraded Consensus Cloud Solutions from Neutral to Sell, with a price target decrease from $25 to $20.
The downgrade by Citigroup from Neutral to Sell suggests a negative outlook on the stock's performance. The reduction in price target from $25 to $20 further implies a bearish view on the stock's valuation, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100