Oppenheimer Maintains Outperform on Ashford, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Tyler Batory has maintained an Outperform rating on Ashford (AMEX:AINC) but has reduced the price target from $17 to $14.
November 24, 2023 | 1:01 pm
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Oppenheimer has maintained an Outperform rating on Ashford but lowered the price target from $17 to $14.
The reduction in price target by Oppenheimer could lead to a negative perception among investors, potentially causing a short-term decline in Ashford's stock price. However, the maintenance of an Outperform rating suggests that the overall outlook remains positive, which could mitigate some of the negative impact.
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