Citigroup Downgrades COPT Defense to Neutral, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Nicholas Joseph downgraded COPT Defense (NYSE:CDP) from Buy to Neutral and reduced the price target from $29 to $25, indicating a more cautious outlook on the stock.

March 22, 2024 | 9:15 am
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Citigroup downgraded COPT Defense from Buy to Neutral and lowered the price target from $29 to $25, suggesting a tempered expectation for the stock's performance.
The downgrade from Buy to Neutral by a major financial institution like Citigroup typically reflects a change in the outlook towards the stock, often due to underlying challenges or slower growth expectations. The reduction in the price target further emphasizes a more conservative view on the stock's future price performance. This can lead to a negative short-term impact on investor sentiment and potentially the stock price, as market participants reevaluate their positions based on this new analysis.
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