B. Riley Securities Maintains Buy on Service Properties Trust, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Bryan Maher maintains a Buy rating on Service Properties Trust (SVC) but lowers the price target from $10 to $9.

May 13, 2024 | 4:41 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Service Properties Trust but lowers the price target from $10 to $9.
The maintenance of a Buy rating suggests a positive outlook on SVC's fundamentals or potential, while the reduction in price target could reflect adjustments in valuation models, market conditions, or both. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in stock price as the market digests the news. However, the continued endorsement at a Buy level indicates underlying confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100