JP Morgan Downgrades Host Hotels & Resorts to Underweight, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Greff has downgraded Host Hotels & Resorts (NASDAQ:HST) from Neutral to Underweight and lowered the price target from $20 to $18.
July 19, 2024 | 1:11 pm
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NEGATIVE IMPACT
JP Morgan analyst Joseph Greff downgraded Host Hotels & Resorts from Neutral to Underweight and reduced the price target from $20 to $18.
The downgrade from Neutral to Underweight and the reduction in the price target from $20 to $18 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and the short-term stock price of Host Hotels & Resorts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100