B of A Securities Maintains Underperform on W.P. Carey, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Dennerlein maintains an 'Underperform' rating on W.P. Carey (NYSE:WPC) and has lowered the price target from $67 to $54.
September 26, 2023 | 3:06 pm
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NEGATIVE IMPACT
W.P. Carey's price target has been lowered from $67 to $54 by B of A Securities, which maintains an 'Underperform' rating on the stock.
The lowering of the price target for W.P. Carey by B of A Securities indicates a negative outlook for the stock. This, coupled with the 'Underperform' rating, suggests that the stock may underperform in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100