Citigroup Downgrades So-Young Intl to Neutral, Lowers Price Target to $0.8
Portfolio Pulse from Benzinga Newsdesk
Citigroup has downgraded So-Young Intl from Buy to Neutral and reduced its price target from $1.5 to $0.8, indicating a less optimistic outlook for the company.
September 23, 2024 | 12:55 pm
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NEGATIVE IMPACT
Citigroup analyst Nelson Cheung has downgraded So-Young Intl from Buy to Neutral and lowered the price target from $1.5 to $0.8, suggesting a less favorable view on the company's future performance.
The downgrade from Buy to Neutral by a major financial institution like Citigroup, along with a significant reduction in the price target, indicates a negative short-term outlook for So-Young Intl. This is likely to lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100