Medical Properties Trust price target lowered to $4 from $6 at Truist

Truist lowered the firm’s price target on Medical Properties Trust (MPW) to $4 from $6 and keeps a Hold rating on the shares. The company’s “subpar” capital allocation and risk management have driven its net asset value to the lowest level in its history and “significantly impaired” investor confidence, the analyst tells investors in a research note. The stock may be range-bound as investors wait to see how quickly and successfully the recently transitioned Steward hospitals ramp back up and how the management will eventually recapitalize the company, Truist added.