Citigroup Downgrades Carlyle Group to Neutral, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Christopher Allen has downgraded Carlyle Group (CG) from Buy to Neutral while increasing the price target from $40 to $41. This reflects a more cautious outlook on the company's stock while acknowledging some potential for growth.

January 19, 2024 | 11:00 am
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NEUTRAL IMPACT
Carlyle Group was downgraded by Citigroup from Buy to Neutral, but the price target was raised from $40 to $41, indicating a mixed outlook.
The downgrade to Neutral suggests that Citigroup sees limited upside potential or increased risks that could cap the stock's performance. However, the increase in the price target to $41 implies that there is still some room for the stock to grow, albeit at a potentially slower pace. This mixed signal may lead to a neutral short-term impact on the stock as investors digest both the downgrade and the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100