Citigroup Downgrades National Grid to Neutral
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jenny Ping has downgraded National Grid (NYSE:NGG) from Buy to Neutral, indicating a change in the investment outlook for the company.
October 03, 2024 | 2:06 pm
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Citigroup has downgraded National Grid from Buy to Neutral, suggesting a less favorable outlook for the company's stock performance.
The downgrade from Buy to Neutral by a major financial institution like Citigroup typically signals a less optimistic view on the stock's potential performance. This can lead to a decrease in investor confidence and potentially a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100