Piper Sandler Maintains Overweight on Innovative Ind Props, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Goldfarb maintains an Overweight rating on Innovative Industrial Properties (NYSE:IIPR) but lowers the price target from $97 to $80.
May 31, 2023 | 12:42 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Innovative Industrial Properties (NYSE:IIPR) and lowers the price target from $97 to $80.
The news directly mentions Innovative Industrial Properties (IIPR) and the lowered price target by Piper Sandler analyst Alexander Goldfarb. While the Overweight rating is maintained, the reduced price target may have a neutral short-term impact on the stock price as it indicates a lower expected return, but still a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100