Wells Fargo Maintains Underweight on Service Properties Trust, Raises Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Underweight rating on Service Properties Trust (NASDAQ:SVC) but increased the price target from $6.75 to $7.5.
December 22, 2023 | 1:50 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Underweight rating on Service Properties Trust but raises the price target from $6.75 to $7.5.
The increase in price target by Wells Fargo could be seen as a slightly positive adjustment, reflecting a potentially more favorable outlook on Service Properties Trust's valuation. However, the Underweight rating suggests that the analyst still believes the stock may underperform the broader market or its sector. The mixed signals could lead to a neutral short-term impact on the stock price as investors digest both the improved price target and the continued cautious stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100