Mizuho Downgrades Gaming and Leisure Props: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has downgraded Gaming and Leisure Properties Inc (NASDAQ:GLPI) from a previous rating to Neutral, adjusting the price target from $50.00 to $47.00. GLPI's shares are currently down 0.72% at $45.75, and the new price target suggests a potential upside of 2.73%. GLPI is a REIT that leases gaming facilities to Penn National Gaming subsidiaries and derives most revenue from its GLP Capital division.
December 11, 2023 | 5:00 pm
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NEUTRAL IMPACT
Mizuho downgraded Gaming and Leisure Properties Inc to Neutral and lowered the price target from $50.00 to $47.00. The stock is trading down at $45.75, with the new target suggesting a modest upside.
The downgrade by Mizuho reflects a neutral outlook on GLPI, suggesting that the stock may not have significant movement in the short term. The reduction in the price target is relatively small, indicating that while expectations are tempered, there isn't a strong negative sentiment. The current trading price is close to the new target, which may limit both upside and downside potential in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100