B of A Securities Downgrades W.P. Carey to Underperform, Lowers Price Target to $67
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Joshua Dennerlein has downgraded W.P. Carey (NYSE:WPC) from Neutral to Underperform and lowered the price target from $78 to $67.
August 14, 2023 | 10:53 am
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W.P. Carey's rating has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $78 to $67.
The downgrade from B of A Securities is likely to negatively impact W.P. Carey's stock in the short term. The lowered price target suggests that the analyst believes the stock is overvalued at current levels, which could lead to selling pressure.
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IMPORTANCE 80
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