B of A Securities Downgrades Playa Hotels & Resorts to Underperform, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Shaun Kelley downgraded Playa Hotels & Resorts (NASDAQ:PLYA) from Buy to Underperform and lowered the price target from $10 to $8.
June 26, 2023 | 10:36 am
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Playa Hotels & Resorts downgraded to Underperform by B of A Securities, with a lowered price target of $8.
The downgrade from Buy to Underperform and the lowering of the price target from $10 to $8 by B of A Securities analyst Shaun Kelley indicates a negative outlook for Playa Hotels & Resorts. This could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100