Piper Sandler Maintains Neutral on Douglas Emmett, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb has maintained a Neutral rating on Douglas Emmett (NYSE:DEI) but has reduced the price target from $15 to $13.
November 10, 2023 | 9:41 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on Douglas Emmett but lowered the price target from $15 to $13, indicating a potential downside or limited upside.
The reduction in price target by a reputable analyst like Alexander Goldfarb could lead to a negative perception among investors, potentially causing a short-term decline in DEI's stock price. The Neutral rating suggests that the stock is not expected to outperform the market, which may not attract new investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100