B of A Securities Downgrades Apple Hospitality REIT to Neutral, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Shaun Kelley has downgraded Apple Hospitality REIT (NYSE:APLE) from Buy to Neutral and reduced the price target from $19 to $18.
January 08, 2024 | 3:53 pm
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Apple Hospitality REIT was downgraded by B of A Securities from Buy to Neutral with a price target decrease from $19 to $18.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further supports the expectation of a downward movement in the stock's price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100