Wells Fargo Maintains Equal-Weight on Apple Hospitality REIT, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten maintains an Equal-Weight rating on Apple Hospitality REIT but lowers the price target from $16 to $15.
September 13, 2024 | 2:58 pm
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Wells Fargo has maintained its Equal-Weight rating on Apple Hospitality REIT but has lowered the price target from $16 to $15, indicating a slightly less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on Apple Hospitality REIT's short-term performance, which could lead to a negative impact on its stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100