Citigroup Maintains Buy on Qiagen, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Donnelly has maintained a Buy rating on Qiagen (NYSE:QGEN) but has lowered the price target from $61.86 to $60.
February 08, 2024 | 6:15 pm
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Citigroup maintains a Buy rating on Qiagen but lowers the price target from $61.86 to $60.
The adjustment in price target by Citigroup reflects a slight change in valuation expectation for Qiagen, likely due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. The impact on the stock price is neutral to slightly negative in the short term, as the reduction in target price might be seen as a downward revision, but the reaffirmation of the Buy rating supports a positive view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100