Oppenheimer Maintains Outperform on Citigroup, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Chris Kotowski maintains an Outperform rating on Citigroup, but lowers the price target from $87 to $86.
April 30, 2024 | 12:10 pm
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NEUTRAL IMPACT
Oppenheimer maintains an Outperform rating on Citigroup and lowers the price target from $87 to $86.
The adjustment in price target by a reputable analyst firm like Oppenheimer could have a neutral to slightly negative short-term impact on Citigroup's stock price. While maintaining an Outperform rating indicates a positive outlook on the stock, the reduction in the price target might cause some investors to adjust their expectations slightly downwards. However, the minor adjustment suggests that the overall positive sentiment towards Citigroup remains intact, mitigating any potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100