Citigroup Downgrades Lloyds Banking Group to Neutral
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Coombs has downgraded Lloyds Banking Group (NYSE:LYG) from Buy to Neutral.
August 05, 2024 | 10:56 am
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Citigroup analyst Andrew Coombs has downgraded Lloyds Banking Group from Buy to Neutral, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Neutral by a major analyst like Citigroup suggests a less favorable view on Lloyds Banking Group's short-term performance, likely leading to a negative impact on the stock price.
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