Citigroup Downgrades Bank OZK to Sell, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Benjamin Gerlinger has downgraded Bank OZK from Buy to Sell and lowered the price target from $57 to $37.
May 29, 2024 | 10:50 am
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Citigroup analyst Benjamin Gerlinger downgraded Bank OZK from Buy to Sell and reduced the price target from $57 to $37, indicating a negative outlook.
The downgrade from Buy to Sell and the significant reduction in the price target from $57 to $37 by a major analyst like Citigroup is likely to negatively impact investor sentiment and the stock price of Bank OZK in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100