RBC Capital Maintains Sector Perform on City Office REIT, Lowers Price Target to $7
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Michael Carroll maintains a Sector Perform rating on City Office REIT (NYSE:CIO) and lowers the price target from $10 to $7.
May 30, 2023 | 12:19 pm
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City Office REIT's price target has been lowered from $10 to $7 by RBC Capital, while maintaining a Sector Perform rating.
The lowered price target from $10 to $7 by RBC Capital indicates a bearish outlook for City Office REIT. This news is directly related to the company and is important for investors as it reflects the analyst's expectations for the stock's performance. The Sector Perform rating suggests that the stock is expected to perform in line with the overall market, but the lowered price target may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100