B of A Securities Downgrades Apollo Comml Real Est to Underperform, Announces $10.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Eric Dray downgrades Apollo Comml Real Est (NYSE:ARI) from Neutral to Underperform with a new price target of $10.5.

March 04, 2024 | 1:23 pm
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NEGATIVE IMPACT
Apollo Comml Real Est downgraded from Neutral to Underperform by B of A Securities with a price target of $10.5.
The downgrade from Neutral to Underperform by a major analyst like B of A Securities suggests a bearish outlook on ARI's stock. The new price target of $10.5, if lower than the current trading price, further indicates expected downside, likely leading to negative short-term price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100