B of A Securities Downgrades Kennedy-Wilson Holdings to Underperform, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Kennedy-Wilson Holdings (NYSE:KW) from Neutral to Underperform and lowered the price target from $18 to $6.
November 07, 2023 | 12:59 pm
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NEGATIVE IMPACT
Kennedy-Wilson Holdings has been downgraded by B of A Securities from Neutral to Underperform, with a reduced price target from $18 to $6.
The downgrade from B of A Securities is a negative signal for Kennedy-Wilson Holdings. The significant reduction in the price target from $18 to $6 suggests that the analyst sees substantial downside risk for the stock. This could potentially lead to a sell-off in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100