Piper Sandler Maintains Overweight on Community Healthcare, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb maintains an Overweight rating on Community Healthcare (NYSE:CHCT) but lowers the price target from $50 to $40.
November 02, 2023 | 8:06 pm
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Piper Sandler has lowered the price target for Community Healthcare from $50 to $40, while maintaining an Overweight rating.
The lowering of the price target by Piper Sandler indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100