Truist Securities Maintains Buy on Community Healthcare, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has maintained a Buy rating on Community Healthcare Trust Incorporated (NYSE:CHCT) but has reduced the price target from $36 to $35.

January 16, 2024 | 6:55 pm
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NEUTRAL IMPACT
Truist Securities reaffirmed a Buy rating on CHCT but lowered the price target from $36 to $35, indicating a slightly reduced but still positive outlook.
The maintenance of a Buy rating suggests that Truist Securities remains optimistic about CHCT's future performance. However, the reduction in the price target could reflect a minor adjustment in expectations, possibly due to market conditions or revised earnings estimates. This news is likely to be viewed neutrally by investors as the endorsement of the stock remains but with a slightly less bullish price expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100