What To Know About Keefe, Bruyette & Woods's Downgrade of Latch

What To Know About Keefe, Bruyette & Woods's Downgrade of Latch

Keefe, Bruyette & Woods downgraded its rating of Latch LTCH to Underperform with a price target of $1.15, changing its price target from $3.25 to $1.15.

Shares of Latch are trading down 10.0% over the last 24 hours, at $1.12 per share.

A move to $1.15 would account for a 2.22% increase from the current share price.

About Latch

Latch Inc makes spaces better places to live, work, and visit through a system of software, devices, and services. It specializes in keyless entry security systems to open and manage every door in an apartment building from a smartphone. LatchOS enables spaces across North America, including in 44 states and Canada, from affordable housing in Baltimore, to historic buildings in Manhattan, to luxury towers in the Midwest. Latch works with real estate developers, large and small, ranging from the largest real estate companies in the world to passionate local owners.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-AAR-UPDATEAnalyst Ratings