Citigroup Maintains Neutral on Wolfspeed, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik maintains a Neutral rating on Wolfspeed (NYSE:WOLF) and lowers the price target from $29 to $25.

May 02, 2024 | 8:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Citigroup analyst Atif Malik maintains a Neutral rating on Wolfspeed and lowers the price target from $29 to $25.
The reduction in price target by Citigroup, a major financial institution, could lead to a negative short-term impact on Wolfspeed's stock price. Investors often view such adjustments as a signal of expected performance, and a lower price target may reduce investor confidence and demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100