Oppenheimer Maintains Outperform Rating for Braemar Hotels & Resorts: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Oppenheimer has maintained its Outperform rating for Braemar Hotels & Resorts (NYSE:BHR) but lowered its price target from $6.00 to $5.00. The shares of BHR are currently trading down 3.89% at $3.92 per share. A move to $5.00 would account for a 27.51% increase from the current share price.
July 05, 2023 | 5:00 pm
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Oppenheimer has maintained its Outperform rating for BHR but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by Oppenheimer, a reputable financial institution, could lead to a decrease in investor confidence in BHR, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100