Compass Point Downgrades Center to Neutral, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Merrill Ross downgraded Center (NYSE:CSR) from Buy to Neutral while raising the price target from $65 to $68.
May 03, 2024 | 5:32 pm
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NEUTRAL IMPACT
Center's stock was downgraded from Buy to Neutral by Compass Point, though the price target was increased from $65 to $68.
The downgrade to Neutral suggests a more cautious outlook on CSR's stock by Compass Point, potentially due to valuation or other concerns. However, the increase in the price target indicates an expectation of some positive performance, albeit not strong enough to warrant a Buy rating. This mixed signal could lead to short-term uncertainty among investors, balancing the potential for slight gains with the caution advised by the downgrade.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100