Credit Suisse analyst Omotayo Okusanya downgrades Medical Properties Trust (NYSE:MPW) from Outperform to Neutral and lowers the price target from $23 to $17.
Real estate investment trusts traded generally lower Wednesday with the benchmark Real Estate Select Sector SPDR Fund (NYSEArca: XLRE) giving back 0.63%:
JPMorgan Chase & Co. (NYSE: JPM) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market.
Over the past 3 months, 7 analysts have published their opinion on Medical Properties Trust (NYSE:MPW) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
JP Morgan analyst Michael Mueller downgrades Medical Properties Trust (NYSE:MPW) from Overweight to Neutral and lowers the price target from $24 to $18.