B of A Securities Downgrades Medical Properties Trust to Underperform, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Joshua Dennerlein has downgraded Medical Properties Trust (NYSE:MPW) from Neutral to Underperform and lowered the price target from $9 to $8.
August 11, 2023 | 1:28 pm
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NEGATIVE IMPACT
Medical Properties Trust has been downgraded to Underperform from Neutral by B of A Securities, with a reduced price target of $8, down from $9.
The downgrade from Neutral to Underperform and the reduction in price target by B of A Securities is likely to negatively impact the stock price of Medical Properties Trust in the short term. Investors may perceive this as a lack of confidence in the company's performance, leading to potential selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100