Citigroup Downgrades Playa Hotels & Resorts to Neutral, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Citigroup has downgraded Playa Hotels & Resorts (NASDAQ:PLYA) from Buy to Neutral and lowered the price target from $12 to $8.
August 13, 2024 | 9:33 pm
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NEGATIVE IMPACT
Citigroup has downgraded Playa Hotels & Resorts from Buy to Neutral and reduced the price target from $12 to $8.
The downgrade from Buy to Neutral and the significant reduction in the price target from $12 to $8 by Citigroup is likely to negatively impact investor sentiment and the stock price of Playa Hotels & Resorts in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100