Keefe, Bruyette & Woods Downgrades SmartRent to Market Perform, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods downgraded SmartRent (NYSE:SMRT) from Outperform to Market Perform and lowered the price target from $3.5 to $2.
August 09, 2024 | 1:33 pm
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NEGATIVE IMPACT
Keefe, Bruyette & Woods downgraded SmartRent from Outperform to Market Perform and reduced the price target from $3.5 to $2, indicating a less optimistic outlook.
The downgrade from Outperform to Market Perform and the significant reduction in the price target from $3.5 to $2 suggest a less favorable view of SmartRent's future performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100