Wells Fargo Maintains Underweight on Service Properties Trust, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Underweight rating on Service Properties Trust (NASDAQ:SVC) and reduced the price target from $8 to $6.5.
November 13, 2023 | 3:02 pm
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Wells Fargo analyst Dori Kesten maintained an Underweight rating on Service Properties Trust and lowered the price target to $6.5.
The reduction in price target by a major financial institution like Wells Fargo suggests a bearish outlook on the stock, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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