Citigroup Initiates Coverage On Agilon Health with Neutral Rating, Announces Price Target of $6
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Daniel Grosslight initiates coverage on Agilon Health (NYSE:AGL) with a Neutral rating and a price target of $6.

April 22, 2024 | 12:55 pm
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Citigroup has initiated coverage on Agilon Health with a Neutral rating and set a price target of $6.
The initiation of coverage by a major financial institution like Citigroup generally brings increased attention to a stock. A Neutral rating suggests that Citigroup analysts believe Agilon Health's stock performance will align with the market or sector average, not underperforming or outperforming significantly. The price target of $6 provides a benchmark for investors, indicating Citigroup's expectation of the stock's value. However, the neutral stance also implies that there may not be significant short-term price movement unless further developments occur.
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