Citigroup Downgrades Liberty Energy to Neutral, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber has downgraded Liberty Energy (NYSE:LBRT) from Buy to Neutral and reduced the price target from $25 to $19.
October 18, 2024 | 1:19 pm
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Citigroup has downgraded Liberty Energy from Buy to Neutral, with a reduced price target of $19, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by Citigroup suggests a less favorable view on Liberty Energy's stock performance. The lowered price target from $25 to $19 indicates expectations of limited upside potential, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100