Bank OZK shares are trading lower after Citigroup downgraded the stock from Buy to Sell and lowered its price target from $57 to $37.
Portfolio Pulse from Benzinga Newsdesk
Bank OZK shares are trading lower following a downgrade from Citigroup, which changed its rating from Buy to Sell and reduced the price target from $57 to $37.
May 29, 2024 | 11:28 am
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Bank OZK shares are trading lower after Citigroup downgraded the stock from Buy to Sell and lowered its price target from $57 to $37.
The downgrade from a major financial institution like Citigroup, along with a significant reduction in the price target, is likely to negatively impact investor sentiment and lead to a short-term decline in Bank OZK's stock price.
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