B. Riley Securities Downgrades Braemar Hotels & Resorts to Neutral, Lowers Price Target to $3.5
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities analyst Bryan Maher has downgraded Braemar Hotels & Resorts (NYSE:BHR) from Buy to Neutral and lowered the price target from $7 to $3.5.
August 14, 2023 | 9:52 am
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Braemar Hotels & Resorts has been downgraded from Buy to Neutral by B. Riley Securities, with a lowered price target of $3.5.
The downgrade from Buy to Neutral by B. Riley Securities indicates a less optimistic outlook for Braemar Hotels & Resorts. The lowered price target from $7 to $3.5 suggests that the analyst believes the stock is overvalued at current prices, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100