B. Riley Securities Maintains Neutral on Ashford Hospitality Trust, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Alex Kurtz has maintained a Neutral rating on Ashford Hospitality Trust (NYSE:AHT) but has lowered the price target from $3 to $2.5.
November 22, 2023 | 3:26 pm
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NEGATIVE IMPACT
Ashford Hospitality Trust's price target has been reduced from $3 to $2.5 by B. Riley Securities, although the rating remains Neutral.
The reduction in price target by B. Riley Securities could lead to a negative perception among investors, potentially causing a short-term decline in Ashford Hospitality Trust's stock price. The Neutral rating indicates that the analyst does not see significant upside or downside, but the lowered price target suggests a reduced valuation of the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100