Citigroup Downgrades Nova to Neutral, Lowers Price Target to $224
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has downgraded Nova (NASDAQ:NVMI) from Buy to Neutral and reduced the price target from $273 to $224.

September 16, 2024 | 1:33 pm
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Citigroup has downgraded Nova from Buy to Neutral and reduced its price target to $224, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major financial institution like Citigroup suggests a less favorable view on Nova's stock performance. The lowered price target from $273 to $224 indicates reduced expectations for future stock price appreciation, likely leading to a negative short-term impact on the stock price.
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