Citigroup Maintains Neutral on Vertex, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Enders has maintained a Neutral rating on Vertex (NASDAQ:VERX) but has lowered the price target from $29 to $27.

January 12, 2024 | 8:26 pm
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NEGATIVE IMPACT
Citigroup has maintained a Neutral rating on Vertex but reduced the price target from $29 to $27, indicating a potential downside or limited upside.
The reduction in price target by Citigroup, while maintaining a Neutral rating, suggests that the analyst sees less potential for price appreciation than previously thought. This could lead to a negative perception among investors and potentially cause a short-term dip in VERX's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100