Stifel Downgrades Hersha Hospitality to Hold, Raises Price Target to $10
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Simon Yarmak has downgraded Hersha Hospitality (NYSE:HT) from Buy to Hold, while raising the price target from $8.75 to $10.

August 29, 2023 | 8:19 am
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Hersha Hospitality has been downgraded from Buy to Hold by Stifel, but the price target has been raised from $8.75 to $10.
The downgrade from Buy to Hold suggests that the analyst sees limited upside potential in the short term, which could lead to a neutral or slightly negative reaction in the stock price. However, the increase in the price target from $8.75 to $10 indicates a positive long-term outlook, which could offset the short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100