Citigroup Maintains Neutral on Penumbra, Raises Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Joanne Wuensch maintains a Neutral rating on Penumbra (NYSE:PEN) but raises the price target from $178 to $200.
August 22, 2024 | 3:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup has maintained a Neutral rating on Penumbra but increased the price target from $178 to $200, indicating a positive outlook on the stock's potential value.
The increase in price target from $178 to $200 by Citigroup suggests a positive outlook on Penumbra's future performance, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy signal, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100