Citigroup Downgrades Calliditas Therapeutics to Neutral, Announces $39 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz has downgraded Calliditas Therapeutics (NASDAQ:CALT) from Buy to Neutral and set a price target of $39.

May 31, 2024 | 7:40 pm
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Citigroup analyst Yigal Nochomovitz downgraded Calliditas Therapeutics from Buy to Neutral and set a price target of $39.
The downgrade from Buy to Neutral by a major financial institution like Citigroup is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price. The new price target of $39 also suggests limited upside potential.
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