Citigroup Maintains Buy on RLX Technology, Raises Price Target to $2.76
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Lydia Ling has maintained a Buy rating on RLX Technology (NYSE:RLX) and increased the price target from $2.4 to $2.76.
March 18, 2024 | 1:21 pm
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Citigroup has reaffirmed its Buy rating on RLX Technology and raised the price target to $2.76.
The upgrade in price target by a reputable analyst like Lydia Ling from Citigroup typically signals a positive outlook on the stock, suggesting potential upside. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100