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Citi Downgrades Pershing Square to Sell
Citi downgraded Bill Ackman’s Pershing Square to Sell, saying the stock’s rally has outpaced earnings expectations and its valuation leaves limited near-term upside; it kept a $45 price target. Analysts acknowledged the firm’s long-term strengths, including permanent capital, but said stronger performance or fundraising is needed to support the share price.
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About Bill Ackman
William Albert Ackman is an American billionaire hedge fund manager who is the founder and chief executive of Pershing Square Capital Management, an investment management company. He has been described as an activist investor. As of April 2026, Ackman's net worth was estimated at $8 billion by Bloomberg.
Everything about Bill Ackman →- Occupation
- financier, businessperson, hedge fund manager, entrepreneur
- Citizenship
- United States
- Born
- May 11, 1966
- Website
- https://www.pershingsquareholdings.com