Citigroup Downgrades Stride to Neutral, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Singlehurst has downgraded Stride (NYSE:LRN) from Buy to Neutral, while raising the price target from $77 to $90.
August 20, 2024 | 10:50 am
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Citigroup has downgraded Stride from Buy to Neutral, indicating a less bullish outlook despite raising the price target to $90.
The downgrade from Buy to Neutral suggests a less optimistic view on Stride's stock performance, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $90 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100