Citigroup Downgrades Endeavor Gr Hldgs to Neutral, Lowers Price Target to $27.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet downgraded Endeavor Gr Hldgs (NYSE:EDR) from Buy to Neutral and reduced the price target from $29 to $27.5, indicating a more cautious outlook on the company's stock.
April 16, 2024 | 11:24 am
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Citigroup downgraded Endeavor Gr Hldgs to Neutral from Buy and lowered the price target to $27.5 from $29, suggesting a tempered expectation for the stock's performance.
The downgrade by Citigroup, a major financial institution, reflects a less optimistic view on Endeavor Gr Hldgs' future stock performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations based on this new analysis.
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IMPORTANCE 90
RELEVANCE 100