Citigroup Downgrades Liberty SiriusXM Gr to Neutral, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet downgraded Liberty SiriusXM Gr (LSXMA) from Buy to Neutral and reduced the price target from $35 to $28.
April 24, 2024 | 6:08 pm
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Citigroup downgraded Liberty SiriusXM Gr to Neutral and lowered the price target to $28.
The downgrade from Buy to Neutral by a major analyst like Citigroup, accompanied by a significant reduction in the price target, is likely to negatively impact investor sentiment towards LSXMA in the short term. This could lead to a decrease in stock price as market participants adjust their expectations based on the new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100