Deutsche Bank Downgrades Gaming and Leisure Props to Hold, Lowers Price Target to $52
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Carlo Santarelli has downgraded Gaming and Leisure Props (NASDAQ:GLPI) from Buy to Hold and lowered the price target from $60 to $52.
July 05, 2023 | 9:52 am
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Deutsche Bank has downgraded Gaming and Leisure Props and lowered its price target, which could negatively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. A downgrade from Buy to Hold suggests that the analyst sees less upside potential, which could discourage investors. Additionally, a lower price target indicates that the analyst believes the stock is overvalued at its current price, which could also deter investors and drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100