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.

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