RBC Capital Downgrades American Equity Inv to Sector Perform, Raises Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Mark Dwelle has downgraded American Equity Inv (NYSE:AEL) from Outperform to Sector Perform, while raising the price target from $50 to $55.
July 06, 2023 | 8:42 am
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NEUTRAL IMPACT
American Equity Inv has been downgraded by RBC Capital from Outperform to Sector Perform, but the price target has been raised from $50 to $55.
The downgrade from Outperform to Sector Perform suggests that RBC Capital sees less upside potential for AEL. However, the increase in price target from $50 to $55 indicates that they still see some growth potential. The net impact on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100