Citigroup Maintains Neutral on GrafTech International, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking has maintained a Neutral rating on GrafTech International (NYSE:EAF) and reduced the price target from $4 to $2.
January 10, 2024 | 4:19 pm
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Citigroup has maintained a Neutral rating on GrafTech International but has cut the price target from $4 to $2, indicating a potential downside from the previous target.
The reduction in price target by a major analyst like Citigroup suggests that they see less upside potential in GrafTech International's stock, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100