Deutsche Bank Downgrades NexPoint Residential to Hold, Maintains Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has downgraded NexPoint Residential (NYSE:NXRT) from Buy to Hold, while maintaining the price target at $38.
June 11, 2024 | 9:24 am
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Deutsche Bank has downgraded NexPoint Residential from Buy to Hold, while maintaining the price target at $38.
The downgrade from Buy to Hold by Deutsche Bank suggests a less optimistic outlook for NexPoint Residential, which could lead to a short-term decline in the stock price. However, the maintained price target indicates that the bank does not foresee significant downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100