Jefferies Downgrades Armada Hoffler Properties to Hold, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Peter Abramowitz has downgraded Armada Hoffler Properties (NYSE:AHH) from Buy to Hold and lowered the price target from $13 to $11.
July 15, 2024 | 12:03 pm
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NEGATIVE IMPACT
Jefferies analyst Peter Abramowitz downgraded Armada Hoffler Properties from Buy to Hold and reduced the price target from $13 to $11.
The downgrade from Buy to Hold and the reduction in the price target from $13 to $11 by Jefferies is likely to negatively impact the stock price of Armada Hoffler Properties in the short term. Such downgrades typically signal reduced confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100