JP Morgan Downgrades Medical Properties Trust to Underweight, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Michael Lapides has downgraded Medical Properties Trust (NYSE:MPW) from Neutral to Underweight and lowered the price target from $9 to $7.
August 21, 2023 | 9:27 am
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Medical Properties Trust has been downgraded to Underweight from Neutral by JP Morgan, with a reduced price target of $7 from $9.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards MPW. The lowered price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
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