Evercore ISI Group Downgrades JBG SMITH Props to Underperform, Lowers Price Target to $15
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Steve Sakwa has downgraded JBG SMITH Props (NYSE:JBGS) from In-Line to Underperform and lowered the price target from $16 to $15.
August 17, 2023 | 8:33 am
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NEGATIVE IMPACT
JBG SMITH Props has been downgraded to Underperform by Evercore ISI Group, with a lowered price target of $15.
The downgrade from Evercore ISI Group is a negative signal for JBG SMITH Props. 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