Walker & Dunlop shares are trading lower after Wedbush downgraded the stock from Outperform to Neutral and lowered its price target from $130 to $95.
Portfolio Pulse from Benzinga Newsdesk
Walker & Dunlop's stock (WD) trades lower following a downgrade by Wedbush from Outperform to Neutral, with a price target reduction from $130 to $95.
April 11, 2024 | 2:11 pm
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NEGATIVE IMPACT
Walker & Dunlop's stock trades lower after a downgrade by Wedbush, indicating a potential short-term negative impact on its stock price.
The downgrade by a reputable analyst firm like Wedbush, accompanied by a significant reduction in the price target, typically leads to a negative perception among investors. This can result in a decrease in stock price in the short term as market participants adjust their expectations based on the new analyst outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100