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Deutsche Bank analysts initates a Hold rating for Brandywine Realty Trust (BDN)

Following these proceedings, Deutsche Bank initiated its Brandywine Realty Trust [BDN] rating to a Hold in a research note published on January 30, 2024; the price target was $5.50. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Citigroup also remained covering BDN and has decreased its forecast on December 14, 2022 with a “Sell” recommendation from previously “Neutral” rating. Truist revised its rating on September 14, 2022. It rated BDN as “a Buy” which previously was an “a Hold”.

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Price Performance Review of BDN

On Friday, Brandywine Realty Trust [NYSE:BDN] saw its stock fall -2.27% to $4.31. Over the last five days, the stock has lost -2.27%. Brandywine Realty Trust shares have fallen nearly -20.19% since the year began. Nevertheless, the stocks have fallen -2.74% over the past one year. While a 52-week high of $5.67 was reached on 01/12/24, a 52-week low of $3.62 was recorded on 02/13/24. SMA at 50 days reached $4.60, while 200 days put it at $4.52. A total of 1.2 million shares were traded, compared to the trading of 0.84 million shares in the previous session.

Levels Of Support And Resistance For BDN Stock

The 24-hour chart illustrates a support level at 4.27, which if violated will result in even more drops to 4.24. On the upside, there is a resistance level at 4.38. A further resistance level may holdings at 4.46. The Relative Strength Index (RSI) on the 14-day chart is 38.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics%K at 31.95% indicates the stock is a holding.

The most recent change occurred on June 23, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $0 price target.

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