Citigroup keeps Advanced Energy at Buy but cuts price target to $450
Citigroup kept its Buy rating on Advanced Energy Industries and lowered the price target to $450 from $460, according to TradingView citing Benzinga data.
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what happened
Citigroup kept its Buy rating on Advanced Energy Industries but trimmed its price target by 2.2%, from $460 to $450. TradingView reports that the new target implies a 107.2% upside from the November 2 close of $217.19.
The same note lists recent calls from other brokers over the past 30 days: Morgan Stanley at Overweight with a $368 target, Wells Fargo at Overweight with $310, TD Cowen at Hold with $275, and Baird at Outperform with $330. Across these four latest notes, price targets range from $275 to $368.
why it matters
For investors, a note like this mainly shows how analysts view the company. A small target cut while the rating stays unchanged usually points to a model adjustment rather than a shift in opinion. Updates of this kind tend to affect the single stock more than the broader market.
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sources
- Citigroup maintains Advanced Energy Indus at Buy, lowers price target to $450 from $460 — TradingView, 3 November 2026 at 18:58 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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