Citigroup Downgrades Penumbra to Neutral, Lowers Price Target to $178
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Joanne Wuensch has downgraded Penumbra (NYSE:PEN) from Buy to Neutral and lowered the price target from $265 to $178.
July 31, 2024 | 11:33 am
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Citigroup analyst Joanne Wuensch downgraded Penumbra from Buy to Neutral and reduced the price target from $265 to $178.
The downgrade from Buy to Neutral and the significant reduction in the price target from $265 to $178 by a major financial institution like Citigroup is likely to negatively impact investor sentiment and the stock price of Penumbra in the short term.
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