Keefe, Bruyette & Woods Downgrades Starwood Prop Trust to Market Perform, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Jade Rahmani has downgraded Starwood Prop Trust (NYSE:STWD) from Outperform to Market Perform and lowered the price target from $21 to $20.
October 10, 2023 | 8:42 am
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Starwood Prop Trust has been downgraded to Market Perform from Outperform by Keefe, Bruyette & Woods, with a reduced price target of $20.
The downgrade from Outperform to Market Perform indicates a less optimistic outlook for the company's stock. The reduction in price target from $21 to $20 also suggests that the analyst expects a lower return from the stock in the future. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100