Craig-Hallum Maintains Hold on Citi Trends, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeremy Hamblin maintains a Hold rating on Citi Trends (NASDAQ:CTRN) and lowers the price target from $25 to $14.
August 28, 2024 | 1:10 pm
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NEGATIVE IMPACT
Craig-Hallum has maintained a Hold rating on Citi Trends but significantly lowered the price target from $25 to $14, indicating a less optimistic outlook.
The reduction in price target from $25 to $14 by Craig-Hallum suggests a negative outlook on Citi Trends' future performance. This is likely to put downward pressure on the stock price in the short term as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100