JMP Securities Maintains Market Outperform on NexPoint Residential, Lowers Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Aaron Hecht maintains a Market Outperform rating on NexPoint Residential (NYSE:NXRT) but has lowered the price target from $70 to $55.
July 26, 2023 | 12:31 pm
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NEUTRAL IMPACT
JMP Securities has maintained a Market Outperform rating on NexPoint Residential but lowered the price target from $70 to $55.
The news is directly about NexPoint Residential (NXRT). The maintained Market Outperform rating suggests that the analyst still sees potential in the stock, which could be positive for the stock price. However, the lowered price target could be seen as a negative signal, suggesting that the analyst expects less upside than before. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100