Citigroup Downgrades Gannett Co to Sell, Announces $5.1 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has downgraded Gannett Co (NYSE:GCI) from Neutral to Sell, setting a price target of $5.1.
August 28, 2024 | 1:02 pm
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Citigroup has downgraded Gannett Co from Neutral to Sell, with a new price target of $5.1, indicating a bearish outlook.
The downgrade from Neutral to Sell by a major financial institution like Citigroup suggests a negative outlook on Gannett's stock. The new price target of $5.1 is likely below the current trading price, indicating potential downside. This could lead to selling pressure on the stock.
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