Citigroup Downgrades Shattuck Labs to Neutral, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Yigal Nochomovitz has downgraded Shattuck Labs (NASDAQ:STTK) from Buy to Neutral and reduced the price target from $8 to $2.
October 02, 2024 | 1:40 pm
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Citigroup has downgraded Shattuck Labs from Buy to Neutral and significantly lowered the price target from $8 to $2, indicating a less optimistic outlook.
The downgrade from Buy to Neutral and the drastic reduction in the price target from $8 to $2 by a major financial institution like Citigroup suggests a negative outlook for Shattuck Labs. This is likely to lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100