B. Riley Securities Downgrades Xenia Hotels & Resorts to Neutral, Raises Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryan Maher downgraded Xenia Hotels & Resorts (NYSE:XHR) from Buy to Neutral, while raising the price target from $16 to $17.
March 04, 2024 | 11:17 am
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NEUTRAL IMPACT
Xenia Hotels & Resorts was downgraded from Buy to Neutral by B. Riley Securities, but the price target was increased from $16 to $17.
The downgrade to Neutral suggests a more cautious outlook on XHR's stock by B. Riley Securities, potentially due to perceived limited upside or increased risks. However, the increase in the price target to $17 indicates a positive adjustment in the expected value of the stock, suggesting that while the stock might not outperform, it still has potential for growth. This mixed signal could lead to short-term uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100