Citigroup Maintains Neutral on Pampa Energia, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andres Cardona has maintained a Neutral rating on Pampa Energia (NYSE:PAM) and reduced the price target from $55 to $51.

April 17, 2024 | 3:56 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on Pampa Energia and lowers the price target from $55 to $51.
The adjustment in price target by Citigroup reflects a recalibration of expectations for Pampa Energia, likely due to updated financial analysis or market conditions. However, maintaining a Neutral rating indicates that the analyst sees neither significant upside nor downside risks in the near term, suggesting a stable outlook for the stock. The reduction in price target might slightly temper investor expectations but is unlikely to cause significant price movement given the neutral stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100