National Grid Transco shares are trading lower after Citigroup downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
National Grid Transco shares fell after Citigroup downgraded the stock from Buy to Neutral.
October 03, 2024 | 5:21 pm
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NEGATIVE IMPACT
National Grid Transco's shares are experiencing a decline following a downgrade by Citigroup from Buy to Neutral.
The downgrade by a major financial institution like Citigroup typically signals a lack of confidence in the stock's short-term performance, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100