B of A Securities Downgrades Douglas Emmett to Underperform, Lowers Price Target to $10
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst James Feldman has downgraded Douglas Emmett (NYSE:DEI) from Neutral to Underperform and lowered the price target from $12 to $10.
August 08, 2023 | 12:51 pm
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NEGATIVE IMPACT
Douglas Emmett has been downgraded to Underperform from Neutral by B of A Securities, with a lowered price target of $10.
The downgrade from B of A Securities is a negative signal for Douglas Emmett. The lowered price target suggests that the analyst believes the stock is overvalued at current levels, which could put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100