Citigroup Maintains Neutral on Solo Brands, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Chasen Bender has maintained a Neutral rating on Solo Brands (NYSE:DTC) and lowered the price target from $4 to $3.

March 06, 2024 | 1:29 pm
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Citigroup analyst Chasen Bender maintained a Neutral rating on Solo Brands and lowered the price target from $4 to $3.
The reduction in price target by a significant financial institution like Citigroup, especially when maintained at a Neutral rating, suggests a tempered outlook on the company's short-term stock performance. This could lead to a negative investor sentiment and potentially a decrease in stock price in the short term.
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IMPORTANCE 80
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