While a market correction can be bad for a portfolio, CNBC Pro has some ideas for how to weather a downturn. Gross domestic product came in far below economists' expectations on Thursday, catalyzing a sell-off in morning trading. That is on top of megacap technology stock Meta plunging on the back of earnings, which also put downward pressure on the market. Thursday's moves mark the latest leg down in April's pullback from all-time highs hit earlier this year.
The average analyst surveyed by LSEG also has a buy rating with an upside showing shares can rally about 18% in the next year. That would mark a turnaround for the stock, which has dropped more than 13% in 2024. One of those analysts is Evercore ISI's Steve Sakwa, who upgraded the real estate investment trust to outperform last month. After the company clears one hurdle tied to a lease, he said it will be poised to see earnings inflect while valuation looks attractive.
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