Citigroup Maintains Neutral on Redfin, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ygal Arounian has maintained a Neutral rating on Redfin (NASDAQ:RDFN) and lowered the price target from $8 to $7.
May 08, 2024 | 7:23 pm
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on Redfin and reduces the price target from $8 to $7.
The reduction in the price target by Citigroup reflects a negative outlook on Redfin's stock price in the short term. A lower price target often leads to a negative perception among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100