Wells Fargo Downgrades Sunstone Hotel Invts to Underweight, Announces $9.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten downgraded Sunstone Hotel Investors (NYSE:SHO) from Equal-Weight to Underweight and set a price target of $9.5.
December 08, 2023 | 12:10 pm
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Sunstone Hotel Investors was downgraded by Wells Fargo from Equal-Weight to Underweight with a new price target of $9.5.
Downgrades by major analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target of $9.5 suggests a lower expected value for the stock, which may influence market sentiment and trading behavior.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo, through its analyst Dori Kesten, issued a downgrade for Sunstone Hotel Investors from Equal-Weight to Underweight with a price target of $9.5.
While the downgrade reflects the analysis and outlook of Wells Fargo on Sunstone Hotel Investors, it does not directly impact Wells Fargo's stock. However, the bank's research quality and market influence can indirectly affect its reputation among investors.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50