Citi downgrades Pershing Square to 'Sell' amid valuation concerns
PS Pershing Square Inc
$54.59 +0.28%
View chart & analysis → - 1Citi downgraded Pershing Square's investment rating from Neutral to Sell.
- 2Pershing Square's closing price of $54.44 on October 8 suggests a potential downside of 17.3% compared to Citi's price target.
- 3Citi stated that Pershing Square's stock price growth has outpaced earnings outlooks, limiting short-term upside potential.
So what's the key point?
Citi lowered its investment rating for Pershing Square. The stock price has already risen more than earnings levels, making further increases difficult to expect.
Source Investing.com · View original ↗
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