Citigroup Maintains Buy on Texas Roadhouse, Raises Price Target to $178
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jon Tower has maintained a Buy rating on Texas Roadhouse (NASDAQ:TXRH) and increased the price target from $162 to $178, indicating a positive outlook on the company's stock.
April 24, 2024 | 6:21 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup's updated Buy rating and raised price target for Texas Roadhouse to $178 from $162 suggests a strong confidence in the company's future performance.
The increase in price target by a reputable analyst like Jon Tower from Citigroup usually signals a positive market sentiment towards the company. This endorsement is likely to influence investor confidence positively, leading to a potential short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100