B of A Securities Downgrades Camden Prop Trust to Underperform, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Joshua Dennerlein has downgraded Camden Prop Trust (NYSE:CPT) from Neutral to Underperform and lowered the price target from $101 to $84.
October 31, 2023 | 2:51 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Camden Prop Trust has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target of $84.
The downgrade from Neutral to Underperform by B of A Securities indicates a negative outlook for Camden Prop Trust. The lowered price target from $101 to $84 further suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100