Wells Fargo Maintains Underweight on Service Properties Trust, Lowers Price Target to $5.75
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Underweight rating on Service Properties Trust (NASDAQ:SVC) and reduced the price target from $7.5 to $5.75.
March 21, 2024 | 1:23 pm
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Wells Fargo analyst Dori Kesten maintains an Underweight rating on Service Properties Trust and lowers the price target from $7.5 to $5.75.
The reduction in price target by a significant margin from $7.5 to $5.75 by a reputable analyst at Wells Fargo is likely to negatively impact investor sentiment towards Service Properties Trust. This adjustment reflects a bearish outlook on the stock's future performance, potentially leading to a decrease in its short-term price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100