Citigroup Maintains Buy on Liberty Energy, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Liberty Energy but lowers the price target from $28 to $25.
October 03, 2024 | 5:55 pm
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NEUTRAL IMPACT
Citigroup's analyst Scott Gruber maintains a Buy rating on Liberty Energy but reduces the price target from $28 to $25, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Liberty Energy's prospects, but the lowered price target indicates a tempered outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100