Citigroup Downgrades YPF to Neutral, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andres Cardona downgraded YPF (NYSE:YPF) from Buy to Neutral but raised the price target from $20 to $24.

April 17, 2024 | 3:49 pm
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NEUTRAL IMPACT
Citigroup downgraded YPF to Neutral from Buy, but increased the price target to $24, indicating a positive outlook on the stock's value.
The downgrade to Neutral suggests a more cautious view on YPF's immediate growth prospects or stock performance. However, the increase in the price target to $24 reflects an optimistic valuation of the company's future, suggesting that while the stock might not outperform the market in the short term, Citigroup sees it holding or increasing its value. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the downgrade and the raised price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100