Citi Downgrades Everest Group, Margin Concerns

Citi Downgrades Everest Group Shares, Expresses Concerns over Margin Targets

In a recent development, Everest Group (NYSE:EG) has seen its shares downgraded from Buy to Neutral by Citi, a notable financial institution. Citi expressed concerns about Everest Group’s ability to meet its margin targets, prompting the downgrade. As part of this downgrade, Citi also reduced the price target for the company’s stock from $452 to $375.