Citigroup Downgrades ResMed to Neutral
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Mathieu Chevrier has downgraded ResMed (NYSE:RMD) from Buy to Neutral.
June 24, 2024 | 2:32 pm
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NEGATIVE IMPACT
Citigroup analyst Mathieu Chevrier has downgraded ResMed from Buy to Neutral, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Neutral by a major financial institution like Citigroup suggests a less optimistic outlook on ResMed's future performance. This could lead to a short-term decline in the stock price as investors react to the revised rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100