Truist Securities Maintains Hold on NexPoint Residential, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has maintained a Hold rating on NexPoint Residential (NXRT) and reduced the price target from $43 to $40.
December 18, 2023 | 3:19 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Truist Securities has maintained a Hold rating on NexPoint Residential but lowered the price target from $43 to $40, indicating a potential downside or limited upside.
The reduction in price target by Truist Securities suggests that they see less growth potential or higher risk in NexPoint Residential's stock, which could lead to a negative perception among investors and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100