B. Riley Securities Maintains Buy on Apple Hospitality REIT, Lowers Price Target to $18
Portfolio Pulse from jenniferd'souza@benzinga.com
B. Riley Securities analyst Bryan Maher has maintained a 'Buy' rating on Apple Hospitality REIT (NYSE:APLE) but lowered the price target from $19 to $18.

August 10, 2023 | 1:07 pm
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NEUTRAL IMPACT
Apple Hospitality REIT's price target has been lowered from $19 to $18 by B. Riley Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B. Riley Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100