Evercore ISI Group Downgrades Community Healthcare to In-Line, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Steve Sakwa has downgraded Community Healthcare (NYSE:CHCT) from Outperform to In-Line and lowered the price target from $36 to $32.
November 02, 2023 | 9:13 am
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Community Healthcare has been downgraded by Evercore ISI Group from Outperform to In-Line, with a reduced price target of $32.
The downgrade from Outperform to In-Line suggests that the analyst believes the stock will perform similarly to other stocks in the market, rather than outperforming them. The reduction in price target from $36 to $32 indicates a lower expected future value of the stock. Both these factors could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100