Scotiabank Maintains Outperform on Allied Properties REIT, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Mario Saric maintains an Outperform rating on Allied Properties REIT (OTC:APYRF) but lowers the price target from C$35 to C$31.
June 22, 2023 | 4:43 pm
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Scotiabank maintains an Outperform rating on Allied Properties REIT (OTC:APYRF) but lowers the price target from C$35 to C$31.
Scotiabank's lowered price target for APYRF may cause some short-term uncertainty among investors, but the maintained Outperform rating suggests that the stock is still expected to perform well in the market. The impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100