Citigroup Downgrades Establishment Labs Hldgs to Neutral, Maintains Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Joanne Wuensch has downgraded Establishment Labs Holdings (NASDAQ:ESTA) from Buy to Neutral, while maintaining the price target at $60.
May 22, 2024 | 12:48 pm
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Citigroup analyst Joanne Wuensch downgraded Establishment Labs Holdings from Buy to Neutral, maintaining the price target at $60. This downgrade may lead to a short-term negative sentiment among investors.
The downgrade from Buy to Neutral by a major financial institution like Citigroup typically signals a lack of expected growth or potential risks, which can lead to a short-term decline in investor confidence and stock price.
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