Barclays Maintains Overweight Rating for Healthpeak Properties: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for Healthpeak Properties (NYSE:PEAK) but lowered its price target from $33.00 to $32.00. Healthpeak Properties' shares are currently trading at $22.09, down 0.16% over the last 24 hours. A move to the new price target would represent a 44.89% increase from the current share price.
July 25, 2023 | 5:01 pm
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Barclays has maintained its Overweight rating for Healthpeak Properties but lowered its price target. This could potentially lead to a 44.89% increase in the share price if the target is met.
The maintained Overweight rating indicates that Barclays still sees potential in Healthpeak Properties. However, the lowered price target suggests a slightly less optimistic outlook than before. If the new target is met, it would represent a significant increase from the current share price, which could attract investors and drive up the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100