Stifel Downgrades Target Hospitality to Hold, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro downgraded Target Hospitality (TH) from Buy to Hold and reduced the price target from $13 to $12.
April 12, 2024 | 9:30 am
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NEGATIVE IMPACT
Stifel downgraded Target Hospitality from Buy to Hold and lowered the price target from $13 to $12.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The reduction in the price target further emphasizes a lowered expectation of the stock's value.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100