Citigroup Maintains Neutral on Redfin, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ygal Arounian has maintained a Neutral rating on Redfin (NASDAQ:RDFN) and lowered the price target from $10.5 to $8.
February 29, 2024 | 4:59 pm
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Redfin and lowers the price target from $10.5 to $8.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Redfin's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100