Barclays Maintains Overweight on Carlyle Group, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Budish maintains an Overweight rating on Carlyle Group (NASDAQ:CG) but lowers the price target from $56 to $47.
May 02, 2024 | 6:13 pm
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Barclays maintains an Overweight rating on Carlyle Group but lowers the price target from $56 to $47.
While the maintenance of an Overweight rating suggests a positive outlook on Carlyle Group's stock, the reduction in the price target could indicate a tempered expectation for the stock's performance in the short term. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100