B. Riley Securities Downgrades Hersha Hospitality to Neutral, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has downgraded Hersha Hospitality (NYSE:HT) from Buy to Neutral, while raising the price target from $9 to $10.
September 01, 2023 | 1:35 pm
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NEUTRAL IMPACT
Hersha Hospitality has been downgraded to Neutral from Buy by B. Riley Securities, but the price target has been raised to $10.
The downgrade to Neutral suggests that B. Riley Securities sees limited upside potential for Hersha Hospitality in the short term. However, the raised price target indicates that they still see some potential for price appreciation. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100