SmartRent shares are trading lower after Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform and lowered its price target from $3.50 to $2.
Portfolio Pulse from Benzinga Newsdesk
SmartRent shares are trading lower after Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform and lowered its price target from $3.50 to $2.
August 09, 2024 | 8:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
SmartRent shares are trading lower after Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform and lowered its price target from $3.50 to $2.
The downgrade from Outperform to Market Perform and the significant reduction in the price target from $3.50 to $2 by Keefe, Bruyette & Woods is likely to negatively impact investor sentiment and lead to a short-term decline in SmartRent's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100