Citigroup Maintains Buy on Ecovyst, Lowers Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst PJ Juvekar has maintained a Buy rating on Ecovyst (NYSE:ECVT) but lowered the price target from $12 to $11.5.

March 04, 2024 | 2:47 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Ecovyst but has reduced the price target from $12 to $11.5.
While the reduction in price target might suggest a slightly less optimistic outlook on Ecovyst's stock value, the maintenance of a Buy rating indicates that Citigroup still sees positive potential in the company's future performance. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the continued endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100