Stifel Downgrades Medical Properties Trust to Hold, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Manaker has downgraded Medical Properties Trust (NYSE:MPW) from Buy to Hold and lowered the price target from $12 to $4.5.
November 10, 2023 | 11:09 am
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NEGATIVE IMPACT
Medical Properties Trust has been downgraded from Buy to Hold by Stifel, with a lowered price target of $4.5.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a drop in the stock price. The lowered price target also suggests that the analyst believes the stock is currently overvalued, which could further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100