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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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.
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IMPORTANCE 80
RELEVANCE 100