Citigroup Downgrades Bristol-Myers Squibb to Neutral, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Baum has downgraded Bristol-Myers Squibb from Buy to Neutral and reduced the price target from $75 to $55.
October 25, 2024 | 3:25 pm
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NEGATIVE IMPACT
Citigroup has downgraded Bristol-Myers Squibb from Buy to Neutral, with a significant reduction in the price target from $75 to $55.
The downgrade from Buy to Neutral by a major financial institution like Citigroup, along with a substantial reduction in the price target, is likely to negatively impact investor sentiment and the short-term stock price of Bristol-Myers Squibb.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100