Wedbush Downgrades Walker & Dunlop to Neutral, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Henry Coffey downgraded Walker & Dunlop (NYSE:WD) from Outperform to Neutral and reduced the price target from $130 to $95.
April 11, 2024 | 12:07 pm
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NEGATIVE IMPACT
Walker & Dunlop was downgraded by Wedbush from Outperform to Neutral, with a price target reduction from $130 to $95.
The downgrade from 'Outperform' to 'Neutral' by a significant analyst like Henry Coffey at Wedbush, coupled with a substantial reduction in the price target, is likely to negatively impact investor sentiment towards Walker & Dunlop in the short term. Such analyst actions often lead to immediate price adjustments as the market reacts to the new valuation and outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100