Wells Fargo Downgrades Healthcare Realty Trust to Underweight, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded Healthcare Realty Trust (NYSE:HR) from Equal-Weight to Underweight and lowered its price target from $17 to $16.
July 30, 2024 | 10:51 am
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NEGATIVE IMPACT
Wells Fargo has downgraded Healthcare Realty Trust from Equal-Weight to Underweight and reduced the price target from $17 to $16.
The downgrade from Equal-Weight to Underweight and the reduction in the price target from $17 to $16 by Wells Fargo is likely to negatively impact the stock price of Healthcare Realty Trust in the short term. Downgrades typically signal a lack of confidence in the stock's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100