Citigroup Maintains Buy on Fortrea Holdings, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Donnelly maintains a Buy rating on Fortrea Holdings (NASDAQ:FTRE) but lowers the price target from $42 to $30.

August 13, 2024 | 1:17 pm
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Citigroup analyst Patrick Donnelly maintains a Buy rating on Fortrea Holdings but lowers the price target from $42 to $30.
The Buy rating suggests continued confidence in Fortrea Holdings' long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100