Morgan Stanley Maintains Overweight on Citigroup, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Overweight rating on Citigroup but lowers the price target from $86 to $82.
October 16, 2024 | 12:43 pm
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Morgan Stanley's analyst Betsy Graseck has maintained an Overweight rating on Citigroup, indicating a positive outlook, but has lowered the price target from $86 to $82, suggesting a slightly less optimistic view on the stock's potential.
The Overweight rating suggests that Morgan Stanley still sees Citigroup as a good investment relative to other options, but the lowered price target indicates a tempered expectation for its stock price growth. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100