Goldman Sachs Maintains Buy on Citigroup, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Richard Ramsden maintains a Buy rating on Citigroup but lowers the price target from $75 to $71.
September 11, 2024 | 5:32 pm
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NEUTRAL IMPACT
Goldman Sachs has maintained its Buy rating on Citigroup but has lowered the price target from $75 to $71, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Citigroup's performance, but the lowered price target indicates a tempered outlook. This could lead to a neutral short-term impact on the stock price as the positive Buy rating is offset by the reduced price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100