Citigroup Downgrades Advanced Energy Indus to Neutral, Maintains Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has downgraded Advanced Energy Industries (NASDAQ:AEIS) from Buy to Neutral while maintaining the price target at $113.

July 15, 2024 | 12:18 pm
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Citigroup analyst Atif Malik downgraded Advanced Energy Industries (NASDAQ:AEIS) from Buy to Neutral, maintaining the price target at $113.
The downgrade from Buy to Neutral by a major financial institution like Citigroup is likely to have a negative short-term impact on AEIS's stock price. The maintained price target suggests that Citigroup does not foresee significant upside potential in the near term.
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