B of A Securities Downgrades Realty Income to Neutral, Announces $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Dennerlein has downgraded Realty Income (NYSE:O) from Buy to Neutral and set a price target of $52.
October 10, 2023 | 11:45 am
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NEGATIVE IMPACT
Realty Income's stock has been downgraded to Neutral from Buy by B of A Securities, with a new price target of $52.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Realty Income's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $52 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100