Citigroup Maintains Neutral on Manhattan Associates, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst George Kurosawa maintains a Neutral rating on Manhattan Associates (NASDAQ:MANH) and lowers the price target from $260 to $220.

April 24, 2024 | 6:16 pm
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Citigroup maintains a Neutral rating on Manhattan Associates and lowers the price target from $260 to $220.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in MANH's stock price. The Neutral rating remains unchanged, indicating that the analyst does not see significant upside or downside from the current price level, but the lowered price target suggests a reassessment of the stock's future performance potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100