Evercore ISI Group Downgrades Empire State Realty Trust to In-Line, Announces $9 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Steve Sakwa has downgraded Empire State Realty Trust (NYSE:ESRT) from Outperform to In-Line and set a price target of $9.
November 27, 2023 | 1:13 pm
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Empire State Realty Trust was downgraded by Evercore ISI Group from Outperform to In-Line with a price target of $9.
Downgrades by analysts can lead to a negative perception among investors and a potential decrease in stock price. The new price target of $9 suggests a limited upside or even a downside from the current trading level, depending on the stock's price at the time of the downgrade.
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