Citigroup Maintains Buy on Smart Share Glb, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vicky Wei maintains a Buy rating on Smart Share Glb (NASDAQ:EM), but lowers the price target from $1.1 to $1.

April 10, 2024 | 5:42 pm
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Citigroup maintains a Buy rating on Smart Share Glb but lowers the price target from $1.1 to $1.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a positive outlook on Smart Share Glb's fundamentals but acknowledges potential short-term challenges or valuation adjustments. This could lead to mixed reactions in the market, with the maintained Buy rating providing some support to the stock price, but the lowered price target potentially causing some investors to adjust their expectations downwards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100