Truist Securities Downgrades American Equity Inv to Hold, Raises Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Mark Hughes has downgraded American Equity Inv (NYSE:AEL) from Buy to Hold, while raising the price target from $49 to $55.
July 14, 2023 | 11:51 am
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NEUTRAL IMPACT
American Equity Inv has been downgraded from Buy to Hold by Truist Securities, but the price target has been raised from $49 to $55.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the short term. However, the increase in price target indicates an expectation of long-term growth. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100