Wells Fargo Maintains Underweight on Service Properties Trust, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Dori Kesten has maintained an Underweight rating on Service Properties Trust (NASDAQ:SVC) and lowered the price target from $5 to $4.
September 13, 2024 | 3:25 pm
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Wells Fargo has maintained an Underweight rating on Service Properties Trust and reduced the price target from $5 to $4, indicating a bearish outlook.
The Underweight rating suggests that Wells Fargo expects SVC to underperform relative to other stocks. The lowered price target from $5 to $4 indicates a negative outlook on the stock's future performance, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100