Citigroup Maintains Neutral on LiveWire Gr, Lowers Price Target to $7.25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a Neutral rating on LiveWire Gr (NYSE:LVWR) but lowered the price target from $7.75 to $7.25.
May 09, 2024 | 5:58 pm
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NEGATIVE IMPACT
Citigroup maintains a Neutral rating on LiveWire Gr and lowers the price target from $7.75 to $7.25.
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 LVWR's stock price. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, but the lowering of the price target suggests a slight bearish outlook on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100