Citigroup Maintains Neutral on PTC, Lowers Price Target to $187
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke has maintained a Neutral rating on PTC (NASDAQ:PTC) and lowered the price target from $195 to $187.
May 02, 2024 | 7:55 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Citigroup maintains a Neutral rating on PTC and lowers the price target from $195 to $187.
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 PTC's stock price. The Neutral rating suggests that the analyst sees limited upside or downside potential, but the lowered price target indicates a revision of the expected stock performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100